Thank You Jerome Powell

In Partnership with NAV Finance

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Thank You Jerome Powell

And just like that, we are back. Powell’s commentary on rate cuts and a policy change sent the entire crypto market higher today with BTC/ETH/SOL all up 5%. And alt leaders were up 20%+ including SUN, POPCAT, FET, SAGA and SUI.

Both memes and AI coins caught a bid on this bounce, which may be a sign that appetite is returning for non-meme projects again. TAO specifically has more than doubled from the Yen Carry Trade bottom. Attention leaders were SUN, AVAX, WIF, TRB and RARE, while 1d mindshare winners were TRB, SUI, SUN and FTM.

The onchain market got a huge breath of fresh air, with stronger tokens all up 50% including:

• RAPR

• MFC

• POOH

• CHAT

• SELFIE

• SUNWUKONG

• FWOG

• SCF

• mini

• wDOG

• BRAINLET

• aura

• LOCKIN

In terms of non-TRX mindshare, SCF is back to being the leader, followed by NEIRO, MUMU, FWOG and MOG. (It is also notable that the majority of the strongest tokens are long time mindshare leaders).

The spike in BSC trading bot volumes seems to be rolling over, while ETH & SOL are pretty close to each other in terms of relative volume share.

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

Interesting new projects getting smart follows:

• Play Solana

• Machi

• FSIC

• Story

• Oxbow.io

• Sunvision

• Cabal.fun

In Partnership with $IO

$IO has already seen $1mm flow into its staking program, with the token bouncing 11% on the day. AI utility coins are finally catching a bid, and the success of $IO’s demand side campaign will continue to help propel $IO’s earnings and token higher.

SMART MONEY CORNER - Presented by chainEDGE

• TRUMP, KOIN and DEAI were the notable EVM coins seeing a strong smart money bid on the day

• SOL smart money flows were focused on SLERF and wDOG

• SOL balances still looking relatively bearish on a 7d basis, with some notable strength in BILLY and BRAINLET

• On the EVM side, ANDY, MOG, MIGGLES, RLB and TRUMP were the most notable from a smart accumulation perspective

MEME OF THE DAY