Topcat & Sol/Eth

In Partnership with $IO

$IO continues its momentum on demand side partnerships, this time with ParallelAI. Notably, $IO has now hit its highest daily network GMV at over $24k in each of the last 7 days. With AI memes top of mind, one would think actual AI coins could catch a bid as part of the meta.

Topcat & Sol/Eth

Another softer day with BTC slightly down, ETH down 1% and SOL flat. SOLETH is hitting ATHs while POPCAT looks to be heading towards ATHs as well. BEAM & POPCAT were the best top 100 alt performers on the day, with the biggest losers seen in APE, DYDX and MOG. POPCAT has been pretty dominant from a mindshare perspective with CT but DOGE has been the strongest meme in the last week (along with MEW).

Another day onchain of GOAT up, and then musical chairs in all of the derivatives. GOAT was up 10% on the day to ~$480mm while hot AI coins like GNON, Shoggoth, LUNA, FOREST and ACT were all down 20%+. The best performing non new launches of the day were still led by AI memes, including:

• OMEGA

• CATGF

• KWIF

• KIBSHI

• CB

• SKBDI

• autism

Onchain only mindshare has also been a bit of a musical chairs, with slop losing the top spot to fun, and with newer entrants like JANET, flavia, CATGF and WMM.

Flavia in particular was smart money’s favorite launch of the day, getting $1mm of buys and quickly gaining $2mm of holdings. Other notable launches with $100k+ of holdings included HANA, LYNX, koto and Mark.

DEX bot trading volumes still on the rise, hitting $178mm so far today. SOL dominance also hit its highest volume share since March today.

Interesting projects getting smart follows:

• Terminal of fun

• GrimesAI

• LYNX

In Partnership with Infinit
_{Infinit is building a DeFi abstraction layer, which simplifies user access to DeFi strategies. It provides seamless integrations with Pendle, Solv, ETHFI, Renzo, ENA and many other protocols. The Infinit Rewards System is now live and you can start earning Infinit Stones today.}

SMART MONEY CORNER - Presented by chainEDGE

• flavia, HANA, Bonk and Lynx all saw notable smart money buys on the day

• The top end of the SOL smart money balance list has seen quite the change, with GOAT on top (and seeing accumulation again), along with newcomers GNON, flavia and Shoggoth.

• 0-5d old tokens with $100k+ of smart balances included JANET on ETH along with the below tokens:

MEME OF THE DAY