What Year Is it?

What Year is It?

I’m not sure about you but we’re either late cycle or things are just going to get very silly from here. We’ve seen numerous celebrities come out and launch coins over the past few days including:

• Caitlyn Jenner 

• Rich The Kid

• Desiigner

• Iggy Azalea

• Antonio Brown

While ETH & BTC have held steady for a few days now around $3.8k / $68.5k, we’re seeing companies add BTC to their balance sheet and their stock prices soar, like SMLR which pumped 24% on a $40mm BTC purchase. Meanwhile we saw GCR’s account get hacked and billions of Mt Gox BTC on the move. Strange times indeed. Speaking of strange, ETH TG trading volumes have started a momentous comeback vs. SOL hitting 40%+ of market share for the first time since early March. This is an obvious sign that degens are finally flocking back to ETH at the expense of Base & SOL.

This of course was led by some of the really strong recent ETH launches like PEW and HONKLER which went to $10mm+ right out of the gate. Trump related tokens have been performing well, lining up with one of our core thesis ideas in our Best Ideas issue we put out a week ago. Onchain relative strength was primarily across ETH & SOL memes in the last 24hr, including:

• bazinga

• FALX

• SOLAMA

• JJ

• PENG

• LMEOW

In terms of new shiny coins to watch, on ETH new launch Groyper leads the way with $545k of smart holdings followed by btc at $111k and DCN at $80k. While on SOL smart $ has bags in Bazinga, jenner, Pepe, CAT and the celeb coin Mother.

Here are the most interesting new projects getting smart attention (without tokens):

• NOVA

• Defi.money

• 0xPPL

• memechan

• Zero network

• Drop.money

• Otim

• Magna

• SocialTensor

• pwdr

SMART MONEY CORNER - Presented by chainEDGE

• Quiet day in normal EVM coin flows, with new launches leading the way in terms of attention. In the first time in over a month, 6 new ETH launches received $100k+ of smart buys, with PEW receiving a staggering $3.5mm.

• On SOL, MOTHER was far and away the most popular launch receiving $608k of smart buys / 12% retention. Overall flows were seen into tremp, ZACK, michi, boden and MEW

• From a SOL smart holdings perspective, MEW and MANEKI saw the most notable 7d accumulation metrics while tremp cracks the top 10 most held by smart $

• From a smart $ held perspective, PEPE & TRUMP lead the way but accumulation was stronger in lower cap MAGA and wQUIL over the past 7 days. Other notable outliers include

MEME OF THE DAY