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Trump Szn
In Partnership with Vector Reserve
As part of their transition to deflationary tokenomics, the Vector team has removed 500 ETH of total liquidity and bought back 30 ETH of VEC in the past few days. Up next, the project will be launching a new novel solution for the liquid restaking market.
The disappointment surrounding the recent @eigenlayer airdrop is indicative of deeper problems with the current dominant liquid restaking model.
A new solution is needed.
Vector's new product pivot aims to provide the answer.
We can't wait to share it with you soon.
— Vector Reserve (@vectorreserve)
2:34 PM • May 8, 2024
Trump Szn
Trump came out and said he will stop the US hostility towards crypto, leading to pumps for Trump and tremp. Other than that the market has been pretty quiet. The MOR token went live today and has been down only since launch. While CHUD on SOL has been popular on CT after going bonkers over the past 24hr. The changing name coin on SOL also doubled over the past 24hr. Looking over at FantasyTop, the user data shows its just a few hundred of us left looking at things onchain.
SOL continues to dominate TG degen daily volumes, with BASE receding to the #3 spot and ETH very soft. SOL in particular has seen volumes pick up the past few days, running ~2x higher than late April recent lows.
Over the rest of May and into June we have a lot of TGEs coming to market including EigenLayer, zkSync, Blast, LayerZero, Aethir, io.net, Avail and Drift. Other upcoming Launches / Projects to Watch:
The Biggest DePin Launch Yet
SMART MONEY CORNER - Presented by chainEDGE
Still very quiet on the EVM side of things, with TRUMP and MOR the most notable coins seeing smart bids
All eyes on SOL, with smart bids into MOTION, boden, RBT, tremp, HAMMY, CANVAS and Chud.
Boden rises up back into the top held SOL tokens by $10k+ smart wallets. The rest of the leaderboard list was unchanged from a token QTY perspective
TRUMP back on top in terms of $10k smart EVM holders, along with SPEC, GNUS and Fren Pet as other notables.
MEME OF THE DAY
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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.