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Trump To Win, BTC Hits ATH
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Trump To Win, BTC Hits ATH
Have we ever been more back? All signs point to Trump winning the US election, with prediction markets all at 99% (incl for the popular vote). BTC hit $75k this evening, trading up ~10% in the last 24hr. And strong top 100 alts were all up 20%+ including GOAT, NEIRO, UNI, DOGE, BONK, POPCAT, FET, WIF, TAO and SUI. Memes dominated relative outperformance on the day (and likely will continue to do so) and it is notable that DOGE is now far and away the perps mindshare leader at ~21% per chainEDGE data. Even with this move, BTC dominance is still hitting multi year highs at ~61%.
Onchain markets were up only for almost everything as well. The strongest onchain coins above $3mm were all up 60%+, and were led by Trump betas (DOGE, RTR, DMAGA), animals (fred, pnut) and culture memes (aura, lockin, supercycle), with LOCKIN specifically hitting $100mm.
DEX bot volumes (and Photon in particular) likely form a bottom here at ~$100mm and I would imagine conditions improve for some time with how hard BTC & SOL are moving.
0-5d old coins with $100k+ of smart holdings included OSMI on ETH and the below coins on SOL.
Onchain mindshare was dominated by SOL coins and led by DMAGA and Pnut. Other notable coins with high attention that are not Trump related include GIGA, LOCKIN, COOK, MOG, SIGMA and tuki.
Interesting projects getting smart follows:
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DOGE and Department of Government Efficiency (DOGE) were EVM smart money favorites along with OSMI and SHRUB
DOGE (the smaller onchain version) is also now the EVM smart money favorite token outside of some blacklisted PEPE and LADYS positions. Other accumulation was seen in BOBO, QUIL and WOJAK
On SOL, DMAGA, tuki, FWOG, GRIFFAIN and Fartcoin all saw notable smart money buying activity on the day
While smart balance trends were still trending bearish for the most part (outside of Pnut) for the last 7d
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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.