Tariff Tantrum

Can the markets pwease bounce

In Partnership with $IO

Despite the brutal market, the $IO fundamentals and team continues to crush it. Total network earnings has retained positive momentum and the team continues to sign meaningful partnerships, including a recent one with chainGPT.

Tariff Tantrum

Another day of wild volatility - the VIX hit 23 and SPY fell over 1% on Trump’s tariffs going live for Canada and Mexico. He’s already talking about walking these back (and I’ve seen some people argue he’s trying to get the market down so we can resume QE up only..) BTC bounced to $87k, ETH to $2.2k and SOL to $143. It was another $500mm liquidation day as the markets whipsawed back and forth.

Alt strength on the day was seen in AAVE, BCH, HBAR and JTO which were all up 9%+. BTC dominance is holding steady but others has moved up ~8% from the lows. ADA, GRASS and HBAR remain the top performers on the week.

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The trenches are still pretty tame but pwease has turned into a bit of a runner (and is by far dominating mindshare). The token hit $30mm earlier today and the pwease memes are the only thing I see on my Twitter timeline. There were also still some tokens catching bids over the week, including the one and only SafeMoon?

pwease was by far the strongest token on the day after rising 171% to its current $20mm market cap (our chainEDGE smart $ portfolio alerts pinged at $10m).

MAG, DOGEAI, COLLAT and Fartcoin were the other notable coins showing some strength. Bonk Guy also started shilling Fartcoin today.

Mindshare is starting to inform tokens that catch a bid, so is worth watching again.

TG trench trading volumes registered their 3rd lowest daily figure in the last 12 months - a sign that people continue to walk away on new launch gambles.

Interesting accounts getting smart follows:

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SMART MONEY CORNER - Presented by chainEDGE

  • Pwease leading smart inflows on the day

  • While from a smart balance perspective, Fartcoin, pwase and DOGEAI seem like the only things worth bidding at the moment

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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.