The Boring BTC Grind Upwards

The Boring BTC Grind Upwards

Equities were down nearly 1% on the day, and BTC has stopped caring, holding firm near $95k. ETH and SOL have also been basically unchanged on the week at $1.8k / $1.44. Alts have cooled off considerably this month, with only a few tokens showing any strength in the top 100, led by VIRTUAL at +15%.

BTC dominance continues to grind higher, hitting clean post 2021 highs of 65%.

While OTHERS dominance has now settled cleanly lower than the 2023 bottom..

Chart of the Day with Vertex

SUI looks like a short. Try app.vertexprotocol.com and trade SUI with up to 10x leverage.

Axiom has flipped pumpfun to be the most profitable project on SOL, and the Zerebro dev faked his suicide (and seemingly launched another coin LLJEFFY which went to $90mm briefly). The pf launchpad competitor Boop briefly hit $400mm again yesterday and is back down to $235mm, with usage mostly drying up.

The trenches overall still feel in a decent place (but tokens are taking longer to run) - somewhat evidenced by recent moves in stickman and urmom. Botify was another token with notable strength on the day.

gork and boop are now firmly onchain mindshare leaders, while Fartcoin, House, Chillhouse and stickman were also notable gainers on the day.

TG trench volumes have cooled off yet again, and are now below Fall 2023 levels (bad).

Interesting accounts getting smart follows:

• Sns.sol

• ZAMM

• Futard

• Gacha

• Splat

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