The Week Ahead

In Partnership with Vector Reserve

VEC has seen vMETIS TVL rise to $1mm in just a few weeks while signing up partnerships with OKX and EEFI. VEC remains one of my only conviction DeFi projects with exposure to EigenLayer and soon BTC (via its upcoming vBTC launch).

The Week Ahead

Markets are bouncing today, with BTC back above $66k and ETH up $3,200. MANEKI is far and away the most popular token of the day, with $123mm of volume and hitting $100mm FDV in just a few hours. Meanwhile the Runes narrative seems to have cooled off, with tokens like PUPS, RB and BRUNE all trading 30%+ lower vs. their recent peaks.

ARCX has been down only for the past 3 weeks, and yesterday’s fud sent the token down another 30%. Other recent drama was seen with Zkasino which essentially took $33mm of depositor funds. In terms of upcoming launches we have:

• Runigun TGE tomorrow

• Defispot TGE tomorrow

• Friendtech v2 coming April 29th

• Sophon node sale on 4/30

• Gm.ai tge soon

• Io.net TGE on 4/28

Tokens with relative strength:

• MANEKI new launch which went straight to $115mm on $158mm of volume

• JOE the memecoin from last year was up 67% today

• STAN +63%

• POPCAT +41%

• CRE +38%

• NMT +24%

Here are the most interesting new projects I’ve come across recently and I’m sure there is a “make it all back” trade in here somewhere:

• Doginhood

• Reya

• Runemilio

• Dodo Chain

• Scalepod

• Hero Glyphs

• Travelswap

• Betbase upcoming LBP

• Nexus new DEAI incubated project launching next week

• Magic Internet Money

• iAgent

• DRIFT

• Igloo

• Eidon 

• PinLink 

• Sandglass

• WorldPVP

A $1bn+ DePin Network Launching this Month

Io.net recently partnered with Aethir, bringing 40k of its enterprise grade H100s and A100s to the io.net network. The partnership includes a total $100mm commitment from both projects to advance network and growth. IO.net’s TGE is now less than a week away, and is shaping up to be one of the most hyped DePin launches yet.

SMART MONEY CORNER - Presented by chainEDGE

• Notable smart buys into jim, BVM, SHFL, JOE, LMEOW, NORMIE, LMR and TON today, each with $40k or more of net buys.

• MANEKI was a popular new launch with smart money, receiving $1.1mm of buys. Flows for the day were led by POPCAT and BOME. While outflows were seen in WIF, MANEKI and MEW.

• Maneki has made its way into the top held by smart money, though WIF, nub, POPCAT and PUPS all have higher (and longer standing) smart money holdings

• BANANA back at the top spot for # of $10k+ smart holders, followed by CHKN and TRUMP. TRUMP is now #2 in total $ held by smart money at $3.6mm. Current conviction AI/DePin picks for smart money appear to be YAI, DEAI, BLENDR, LMR, GNUS and OPSEC (notably LMR has the best accumulation trends within the group). Newer launch FJO has also made its way into the top 10 with 12 $10k+ wallets and $583k of total holdings

• On BASE, Normie is now the most held by number of smart wallets at 6 holding $10k+. While Fren Pet is #1 overall from a $ held perspective at $1mm. Normie, doginme and Fungi have the best looking accumulation trends over the past week

MEME OF THE DAY