The Trenches Are Back

Mantle Rewards Station

We’ve long written about the exciting 2025 roadmap $MNT has in store, and the project is teasing yet another pool coming to its rewards station (these usually are 20%+ APRs) → if you are a humble farmer in these volatile times, its likely worth following Mantle to get a jump on the next pool!

The Trenches Are Back

BTC is back up to $97.8k while ETH & SOL remained mostly flat at $2.7k / $208. BTC dominance is still grinding higher at ~62%, while OTHERS looks to be bottoming out after being down 20% over the past week. Strength on the day was led by the one and only Fartcoin, which was up 30%. Other alt strength on the day was seen in LTC, TAO, APT and STX which were all up ~9%. TAO and LTC were also leaders in 7d relative strength as well.

Bottom soon? Sentiment data per Kaito says we are back to December 2023 levels, and the timeline sure seems to be in an anger stage (and you’re likely angry if still holding BERA which has traded straight down to a $2.6bn FDV).

Chart of the Day with Vertex

BTC still looks good and BTC dominance hasn’t topped yet. Try app.vertexprotocol.com and trade BTC with up to 20x leverage.

The SOL trenches are back alive after BIGBALLs ran to $50mm, while CAR (the potentially fake Central African Republic coin) ran to $700mm and Dave Portnoy’s Jailstool ran to $100mm+. The Binance cabal also pumped TST (a test token) to almost $500mm. Outside of new launches, there was also a renewed bid in existing tokens led by LLD, SSE and Fartgirl, which were all up over 75%.

CAR and jailstool were by far the mindshare leaders over the last 24hr, but I’d venture to guess attention will flow back into some of these other lower mindshare high relative strength coins like LLD and SSE. Older AI coins are also catching a bid, led by arc, ai16z and swarms all up 33%+.

TG trench trading bot volumes accelerated to ~$300mm after the hot weekend of new launches (after being mostly down only from the recent peak).

0-5d old tokens with material smart holdings included jailstool and CAR.

Interesting accounts getting smart follows:

• Faustin

• Loeki

• Yokai

• Singularity

• TheOpenLayer

• Ai16play

In Partnership with $IO

What AI bera market? The great thing about $IO is compute demand is not specific to crypto, and AI / AI agents / compute demand in general is still surging, evidenced not only by hyperscaler commentary, but also in the growth in $IO network revenues

SMART MONEY CORNER - Presented by chainEDGE

• Smart buying on the day was led by LLD and MLG

• From a smart balances perspective, arc and LUX looked the most interesting as balances for the rest of the group looked weak

MEME OF THE DAY