Viral Animal Szn

In Partnership with $IO

AI coins are back and one of the mega trends behind rising AI training costs is the amount of GPUs needed to get there → which is a massive tailwind for GPU marketplaces like $IO. We’ve already seen daily network earnings on the rise and this momentum is just the beginning in a 5yr+ trend.

Cute Animal Szn

Down day in the market with BTC/ETH/SOL all down 2%. Momentum has faded and some traders are getting worried about the OI bump as a signal to risk off.

There were some small pockets of strength in alts, led by WLD, PENDLE, INJ, SHIB and TAO. While SUI, POPCAT and WIF all led alt mindshare on the day. SEI and CELO were notably the largest attention gainers on the day.

Things onchain are still popping and memes are starting to show their strength. MOODENG is hitting ATHs while new viral animal launch PESTO has gone parabolic to $23mm.

DEX bot volumes continue to show strength hitting $120mm on the day (its highest since early August). ETH also continues to be the leader in terms of relative share which is almost past its February highs.

Onchain outperformers on the day were basically all memes:

• PESTO

• ADA

• BILLY

• GIKO

• POPDOG

• MOODENG

From a mindshare perspective, MOODENG is still on top followed by newer coin MARS (which was the largest attention gainer on the day). Other notable high attention coins included BILLY, SCF, FWOG, HANA and DOGGO.

Interesting projects getting smart follows:

• dcane

• AminoChain

• Dare.market

In Partnership with Mantle

The major projects launched in 2022 have been some of the best performing tokens as of late. Mantle, which fits in this group, just hit ATHs in daily active users, its chart looks bottomed, it has a $2.4bn treasury and its mETH outstanding supply recently crossed over $1bn. The network and community is alive and well and is a project that should be on your radar.

SMART MONEY CORNER - Presented by chainEDGE

• Momentum has slowed from EVM smart money, with limited buys on the day

• Similarly, EVM smart balances have started to trend more bearish outside of outliers like wQUIL, WOLF and INCEPT

• The smart money bid for SOL coins is starting to wake up led by interesting buys in PESTO and SLERF

• Balances additionally look very strong with accumulation in MOODENG, FWOG, SCF, mini and wDOG.

MEME OF THE DAY