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Time to Lock In?
After taking some time off, we’re firing things back up. BTC has performed well over the past 2 months rising 14% to ~$119k and hitting ~$121k ATH. ETH has been the star of the show, running 71% over the last 30d to nearly $4.3k. And ETH:BTC is up nearly 2x from the bottom. This along with the death (and now maybe a revival of Pump.fun tokens) has led to an ETH & Base token uprising.
BTC dominance has went from 66% in June to ~60% today, though it has been all ETH thus far - with ETF flows now breaking records again as people chase it.
OTHERS on the other hand have remained largely stuck in the mud after bottoming in July. The strength in ETH has definitely helped some alts, with M, PENGU, ENA, LDO, AERO and SEI all having 75%+ runs over the last 60 days. BONK also was up 77% after taking a bunch of share from PUMP (which has been the worst performing top 100 token in the last 30 & 60 days at -42%). VIRTUAL and FARTCOIN have also been laggards, falling ~20%.
Onchain coins have started to bounce back, with TG trading bot volumes forming a new base (and with ETH taking share from SOL for the first time since the fall of 2024).
Base szn is heating up following the huge run in ZORA and more recent strength in RESTAKE, R1 and others.
At the same time, the graduation rate on Pump has seen a massive revival, which is seemingly breathing life into the SOL eco as well.
Smart chainEDGE wallets on both SOL & EVM chains have started to print $ again, and this feels like a time when things are a positive R/R to start aping.
In terms of mindshare, CLIPPY led SOL attention while Block leads on ETH.
CLIPPY was also far and away the strongest non new-launch on the day at +177%.
Interesting projects getting smart follows:
SMART MONEY CORNER - Presented by chainEDGE
SPARK, CLIPPY, Tokabu and LAUNCHCOIN are the current smart $ favorites by # of $10k+ holders, though Fartcoin is seeing a lot of accumulation over the last month
chainEDGE portfolio alerts pinged on CLIPPY at $6mm (for an easy 4x+)
On the day, smart money was seen buying TROLL and LIGHT in six figure size
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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.