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The Pochita Wars
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The Pochita Wars
Another day of the majors down but alts + onchain looking ok. BTC was flat at $61k while ETH & SOL both slipped 2-3%. Yesterday’s liquidations were the highest since the early August dump (and before that the early April drawdown).
SUI is back on top from a mindshare perspective after its continued strength. SUI & TAO are the best performing top 100 tokens over the past 30 & 60 days while showing no signs of slowing. Memes on SUI have also been on a tear, with HIPPO hitting over $100mm today. Other alts showing relative strength on the day included FLR, CFX and W.
Things onchain have still been very good, with solid launches running straight to $15-20mm and bigger memes like HIPPO, SPX and FWOG all cruising past $100mm market caps. The owner of Bonk got a new dog today named Pochita which has spurred the great Pochita wars (similar to NEIRO). There have been at least 3 versions of the coin on both SOL & ETH that have gotten attention/volume, but the highest volume SOL version seems to be the “real” one.
Strongest (non new launch) coins of the day were memes, including:
From a mindshare pov, MOODENG, FWOG, Manyu and SCF were the onchain attention leaders on the day. And notable ETH coins are catching some attention again led by XMW, DOGGO, MOG and SPX.
0-5d old tokens with $100k+ of smart ownership included 2 versions of POCHITA, Nailong, WINTER and melo.
Interesting projects getting smart follows:
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DEGEN and 3AC saw the most notable EVM smart money bids on the day
While things were more quiet on SOL, led by PONK
Pochita has already made it to the top 10 smart ownership leaderboard for SOL, while MOODENG, WIF and MEW all saw decent accumulation trends
While on the EVM side, BOBO, MOG and DEGEN saw the strongest 7d smart money accumulation
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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.