Trump Szn

In Partnership with Io.net

The io.net TGE is likely coming next month and growth of the ecosystem continues to be up only, with verified GPUs on the platform surpassing 93,000. For a quick glance at IO’s tokenomics and key points of differentiation, check out this research from Ai Meda.

Trump Szn

TRUMP related coins are leading the way after the former president was found guilty earlier today. The main TRUMP coin hit ATHs at ~$800mm market cap while a bunch of other new launches have sprung up as well

• FREE 

• FREETRUMP

• TRUMP

The majors remain stuck, with BTC at $68.5k and ETH at $3.8k. During the day we also saw hacked GCR win yet again with a +16% rise in ORDI and a 10% rise in LUNA2. STG and JASMY were also notable perp outperformers up 20%+. Celebrity coins have all went down 70%+ at this point, so hopefully that meta is almost over. Relative onchain strength today was again seen in memes (primarily ETH), including:

• SKOP

• PEW

• JJ

• ELON

• WOLF

• CAT

• FOFAR

• oGPU

• SOLANA

Solana has started to take relative share back from ETH in terms of daily TG degen trading volumes while Base sits far away from its late March peak.

Newer coins with $100k+ of smart money interest on ETH include Groyper, JJ, PEW and RWAX. While on SOL its FELIX, SOLANA, WALTER and CAT.

Here are the most interesting new projects getting smart attention (without tokens):

• QT CLoak

• Regolith

• Magna

• Deworker

• Pwdr

• Kuzco

• QuilCat

Lastly, by popular request, I’m preparing an educational bootcamp for less experienced degens / people looking to sharpen their onchain trading skills. If you’d like to apply to be in the first cohort of the bootcamp, simply fill out this form to learn more and see below for current curriculum that I expect to cover.

The Future of Restaking Begins 6/17

ETH ETF approval opens up a larger potential market for liquid restaking, and with all eyes shifting towards Karak from Eigen, the new Vector / Kernel Protocol should be a key beneficiary. Kernel will launch a suite of Karak-native LRTs including ksETH, krETH and kUSD on June 17th.

SMART MONEY CORNER - Presented by chainEDGE

• Pretty quiet day with smart degens buying new launches ORACUL and SKOP along with BIDEN, STG and ELON.

• SOL saw more volume, with smart bidding into WIF, michi, MANEKI and TRUMP.

• tremp and michi now leading smart accumulation over the past week, each with 20%+ jumps in smart balances.

• While PEPE, TRUMP, MAGA and MOG lead smart balances on the ETH side (and KEYCAT on Base).

MEME OF THE DAY