We can rebuild him

In Partnership with $IO

Outside of the recent Coinbase listing and new partnership momentum, $IO also has some pretty exciting stuff in the works, including new products, vertical value chain boosts, and fresh revenue streams.

We can rebuild him

Another good day for BTC which was up 3%. SOL & ETH were flat, with BTC.d hitting its highest level since March 2021. The BTC ETFs also had another near $400mm of inflows on the day. Alts were a bit choppy with ENA, LTC and FTM all outperforming and SUI, POPCAT, BRETT, NEIRO and SEI underperforming on the day. Trump’s lead on Polymarket hit 15pts today as well on Polymarket and 10pts on Kalshi.

Onchain has primarily been a game of new shiny coins > older memes. This was led by GOAT once again, which hit $275mm this evening. The more “established” Murad’s List memes were down another 5-10% on the day but there were big moves in outperforming tokens including:

• DARAM

• Terminus

• KLAUS

• FLOYDAI

• GOAT

• DOGE

• autism

• Baby Pepe

• HODL

• SOLCEX

The “AI meme” meta is alive and well, with attention now led by GOAT, MEDUSA and GMika. Autism is another SOL meme climbing the attention leaderboard. MEDUSA and GMika were also the only 0-5d old tokens with more than $100k worth of smart holdings.

DEX bot trading volumes cooled off slightly on the day but in general things look good. SOL is also still dominant at ~67% volume share.

Interesting projects getting smart follows:

• BillyBassAI

• The Pledge

• Sendr

• GNai

• BuildProof

Mantle & COOK

The mETH protocol which launched in November 2023 has quickly grown to become the 4th largest ETH LST with a peak TVL of $1.74bn. Following the success of mETH, the Mantle ecosystem will be launching cmETH (liquid restaking token) and COOK (governance token). This is the first ETH LRT that is backed by an entire ecosystem and a sizable treasury. $cmETH removes the complexity found in restaking and allows users to have a seamless yield bearing experience without the hassle of moving their LRTs around. The COOK TGE will be here very very soon as well 🍳

SMART MONEY CORNER - Presented by chainEDGE

• Pretty boring day on the ETH side of things from a smart money flows perspective

• BITCOIN remains the smart money favorite after PEPE (LADYS is blacklisted)

• SOL is where all the action is. And smart money bought big bags in SLERF and FLOYDAI, along with grabbing $141k of holdings in GMika.

• GOAT is now top 6 by smart $ held, with only aura seeing notable accumulation in the last 7 days

MEME OF THE DAY