The Daily Edge is Back

The Daily Edge is Back

We’re firing things back up after taking a break. The overall picture remains the same with BTC soaking up all the attention, BTC.d is still ~64% and alts broadly continue to suck outside of the few good coins like SPX, HYPE and AAVE which were all +40% over the last month. BTC hit an ATH of ~$112k in late May and has given some of that back down to $107.7k.

OTHERS dominance is still bouncing around the lows, despite some 2021-esque activity in the US stock market (see CRWV and nuclear stock moves). Pumpfun is rumored to launch its token soon (fair launch vs. presale) while currently there is a small AVAX szn going on with newer runners in WOLFI and LAMBO, while even old coins like goodbridging caught a real bid over the last few weeks (GB like 12x’d this month).

Outside of HYPE, a subset of CT also made money on KTA / LAUNCHCOIN / USELESS this month, all of which more than doubled.

Chart of the Day with Vertex

Will the launch of PF’s token + renewed momentum in the SOL ETF put some wind behind SOL? Try app.vertexprotocol.com and trade SOL with up to 10x leverage.

The trenches hit a recent peak on 5/15 and since then SOL launches have been pretty atrocious (and we have seen ETH actually pick up some momentum for the first time in ~9 months).

Existing onchain SOL coins however still had a very good day, led by strength in nomnom, JTVO, aura and OPAIUM. BTW, you can find both this data and the onchain mindshare data directly on our chainEDGE trading terminal - simply go to https://trading.chainedge.io/, connect to Phantom and use ref code J53XcB to get started. If you have any issues, refer to the documentation for the platform

aura led onchain mindshare on the day (after a 70x crime candle from insiders who bought $4mm across 215 addresses). USELESS and LOCKIN were the other notable mindshare gainers on the day.

Interesting accounts getting smart follows:

• Sam Terris

• Upside

• Shout

• Public

• Polldotfun

• Wom.fun

• Flipr

SMART MONEY CORNER - Presented by chainEDGE

MEME OF THE DAY