Sundog Millionaire

In Partnership with $IO

$IO was recently featured in Hackernoon and also just launched its token staking program. While utility coins are out of season, the $IO team continues to make impressive progress on its demand side campaign, landing recent partnerships with Leonardo AI, Sharpe Labs and Envision.

Sundog Millionaire

BTC, ETH & SOL were all down 1% on the day, despite up only price action in stocks. The S&P is now within 1% of ATHs again but crypto seems stuck in the mud. Kamala’s presidential odds have slipped ~5% since last week according to Polymarket. While the entire market reeks of boredom. Both perp and DEX bot volume has been trending lower over the past few months (see below), with no discernable narrative driving markets outside of a small Tron Szn and some SOL & ETH memes.

Alt outperformers on the day included NMR, ARPA, SUI, AAVE and TRX. With RARE, XRP, SUN and TON all mindshare leaders.

The onchain degen land has been primarily focused on TRX memes, especially after the OG Sundog meme reached $160mm ATHs today. Outside of TRX, newer launch snoofi is the main attention leader, followed by older memes including MOG, SCF and wDOG. BRAINLET notably has been a mindshare gainer and a relative outperformer.

Onchain coins showing relative strength included:

• SUNDOG

• FOFAR

• SUNCAT

• TBULL

• wDOG

• snoofi

• JEST

• BRAINLET

snoofi on SOL was the only token aged 0-5d with $100k+ of smart holdings.

Interesting new projects getting smart follows:

• Dub

• Slohm

• Fofar

• Fabric

• Kumo

• Pvp.trade

• Gem

• RetardedAPR

• Watchers

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• Pretty weak EVM smart money flows on the day, with ARTHUR probably the most notable

• SOL smart $ buying was led by wDOG and snoofi (coins with rel strength)

• Top end SOL smart balances have been trending down again today, with only SCF and wDOG seeing bullish accumulation, along with BRAINLET at the lower end.

• While on the EVM side, just MOG had strong accumulation trends.

MEME OF THE DAY