WE. ARE. BACK.

In Partnership with $IO

$IO continues to see staking momentum, hitting $10.8mm today while daily network earnings also look very strong. This comes at a time where the GPU industry as a whole is starting to see a transition back to scarcity in both A100s and H100s → with the momentum the alt coin market is now finally seeing, $IO is positioned to be a leader & outperformer in the DePin category.

WE. ARE. BACK.

Crazy day in the markets with BTC/ETH/SOL all up 3% after the Fed cut interest rates by 50bps. The entire CT timeline thought 50bps was bearish, and honestly it feels most people are missing the plot. A few days back we were writing that the air had shifted, that the market was starting to heat up and now we have the first interest rate cut since Covid, BTC is above $62k and yet BTC.D is at 3+ year highs. The TG and discord chats are coming back to life and we are looking ready to ride again.

Alts surged on the day with NEIRO +36%, ZETA +27%, POPCAT +24%, SEI +23%, SAGA +17% and SUI +15%. On a 7d basis, leading alts like TIA, POPCAT, FTM, SUI and TAO are all up 20-40%.

From an alt mindshare perspective, Neiro and SUI were leaders but most coins on this high attention list did very well on the day.

The onchain market is also en fuego, with leading coins all up 40%+ across the board including:

• BERRY

• VISTA

• BILLY

• SATO

• AURA

• SIGMA

• HEHE

• MOODENG

The onchain market from a trading bot volume perspective also seems to be bottoming out, especially led by strength in ETH volumes → another sign we are BACK.

Onchain mindshare (ex Neiro) is now led by MOODENG which is up to ~10%, followed by BILLY, FWOG and SCF. BILLY, MOODENG and FWOG were also the largest 1d gainers in mindshare.

Interesting projects getting smart follows:

• pvponeth

• AftermathFi

• Kyros

• Degn

• Morphware

In Partnership with NAV Finance

ICYMI, NAV dropped its Berachain Maximizer SIP product, which allows individuals to get exposure to the BERA airdrop via its ownership of Bong Bears, Bond Bears, Baby Bears, etc. The cheapest NFT within the Berachain ecosystem is currently ~$7k while Bong Bears are at a 112e floor. Depositing into NAV provides an easier, cost effective and more diversified way to get exposure to the ecosystem ahead of its TGE later this year. Learn more at nav.finance and use code WIZARD if you need one.

SMART MONEY CORNER - Presented by chainEDGE

• Smart volumes also showing signs of picking up, with leading buys into new launch XMW (which also has $100k+ of smart holdings)

• POPCAT, CLOUD and FWOG were smart money favorites on SOL

• SOL smart balances were mixed again, with MOODENG jumping into the top 10 while MEW, FWOG and mini had the strongest accumulation trends.

• On the EVM side of things, MOG and WOJAK were clear outliers from an accumulation perspective.

MEME OF THE DAY