Tron Szn?

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Tron Szn?

The majors are quietly grinding up, with BTC up 4% and ETH up 3%. The S&P is now within 2% of ATHs while Gold is hitting ATHs as well. Degen attention has flowed to the TRX ecosystem, with Justin Sun’s launch of Sunpump which produced a major runner in the meme Sundog and to a lesser extent Suncat.

Within alts, RARE, ALT, IO and AAVE were higher volume outperformers on the day. While in terms of mindshare, SUN, RARE, TAO and TRX were the 1d biggest gainers.

The onchain market has been quite boring, with attention flowing to new launch Fluffi, along with existing memes NEIRO, Mog, MUMU, wDOG and SCF. Onchain degens are definitely spending some time on Tron now after the success of Sundog.

Onchain coins (excl Tron) showing relative strength included:

Fluffi on SOL was the only token aged 0-5d with $100k+ of smart holdings.

Interesting new projects getting smart follows:

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  • KEROSENE, EQUAL and BASED all saw notable smart buying activity on the day

  • While on SOL, POPCAT, FWOG and wDOG saw smart money buys in the past 24hr

  • At the top end, SOL smart balances have been trending up for POPCAT, MEW, SCF and wDOG, with most others down only

  • While on the EVM side, just MOG at the top end saw bullish 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.