Vibes Are in Shambles

In Partnership with Vector Reserve

Not only is Vector transitioning from inflationary to deflationary tokenomics but the team also forfeited 50% of their VEC allocation to divert funds to its treasury and Institutional Reserve. The project also launched its Vector Incubator, which will invest in incubating new protocols to generate fresh revenue streams to its treasury and VEC holders.

Vibes Are in Shambles

BTC is down to $57k and ETH is at $2.9k, down 20/29% respectively from their peaks. Sentiment across CT has gotten very negative with all eyes on today’s FOMC press conference. CZ is getting a 4 month sentence and Alts’ market cap is down 24% from its peak.

Despite the down only price action for most coins, there are still pockets of strength in a few coins, including:

• ROCKY the new meme on BASE

• MERY on CRO

• MANEKI

• USA

• ELON

• JOE

• CAW on CRO

• POPCAT

• FJO

Despite calls for the end of the “memecoin supercycle”, memes are the only things still catching a bid / retaining volume in this market. Degen daily trading volumes have fallen to their lowest levels since February, with SOL continuing to retain the vast majority of volume.

Upcoming launches/projects to watch:

• FT launch tomorrow

• FantasyTop launches mainnet

• Stripchain

• Unrevealed

• Royco

• Infora

• Momentum

• Redmilio

• Memebox

• Noya

• Sovereign

• AIGPU

• Overload

The Biggest DePin Launch Yet

Io.net remains on track for its token launch this month, with the team making strides on transparency and user onboarding. Additionally, Season 2 of their Ignition Airdrop campaign kicks off today. If you are looking to get up to speed on the biggest DePin launch yet, check out this amazing recap on IO’s internet of GPUs network.

SMART MONEY CORNER - Presented by chainEDGE

• EVM smart money volume in the past week has hit its lowest level since late January. Notable buys in the last 24hr include BRETT, PRIME, TAO, DEGEN, FLOKI and basedAI. While DOG and 0×0 led outflows for the day.

• Quiet day on SOL, with boden leading outflows and small buys into DOG, Mewing, michi and USA

• No major changes in SOL smart holdings, with POPCAT still leading by total dollars held

• TRUMP, BANANA and FJO remain core smart holdings (with FJO showing strong 7d accumulation figures still).

• On BASE specifically, doginme is now the leader by smart wallet counts (and is also showing positive accumulation in a sea of red). DEGEN notably starting to see an uptick in accumulation as well.

MEME OF THE DAY