Unburdened by What Has Been

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Unburdened by What Has Been

Kamala is now tied with Trump on Polymarket to win the US election. Markets took another breather today with the S&P down nearly 1%, ETH down 3.5% while BTC & SOL were flat. SOL hit another ATH against ETH while Trump seems to be launching some RWA ponzi.

Relative alt strength was seen in XRP, XLM, POPCAT and TON. XRP was far and away today’s mindshare leader at 12%, followed by WIF, CRV and POPCAT.

The onchain market has seen some wild runners recently, including NEIRO on ETH going to ATHs of $300mm today. YAWN on ETH has also been up only, but the market’s attention has been on newer launch BTW, which was the largest 1d mindshare gainer on the day. Other high attention tokens included wDOG, GINNAN, SCF, MOG and MICHI.

The strongest coins over the past 24hr were memes (again):

• BTW

• 4WIN

• PGN

• yawn

• PAC

Nothing notable in the daily DEX bot trading volume data, with SOL dominating and volumes sustaining ~$100mm.

Tokens aged 0-5d with $100k+ of smart holdings (aka new launches to watch) included WL and NIQAB on ETH along with wDOG and BTW on SOL.

Interesting new projects getting smart follows:

• dawn

• Nudge

• Predict.fun

• Korat

• Airhead

• Gmon.fun

• Onchain Heroes

• QuillAI

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• Another day of depressing EVM smart money flows, with new launch ATX leading bids today

• On SOL, POPCAT, SCF, BTW and TWC led smart buying

• SOL smart balances trending down across the board outside of BILLY and PONKE. While just aura on the lower end saw some smart accumulation over the past 7 days.

• Pretty similar story on the EVM side, with most balances down outside of QUIL and YAWN.

MEME OF THE DAY