YZY Coin is Here...

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YZY Coin is Here...

Stonks starting to fizzle here along with the majors, with BTC/ETH/SOL all down ~9% over the last week. OKB remains the hottest top 100 alt running 52% today and up 76% on the week while AB, MNT, LINK and XMR were the only other top 100 alts showing any relative strength. OTHERS dominance still looking like we could be ready to ride, especially into the typically favorable fall/winer.

The LIBRA team regained access to $58mm and the YZY coin finally launched, vampire attacking the trenches. YZY hit a $3bn FDV peak and is ~94% insider owned. Other good launches on the day were DARK & bork which hit $7mm / $58mm. In other trench news, the Heaven dex is heating up, earning over 50% of Pump’s fees today.

YZY unsurprisingly was the onchain mindshare leader by a landslide (this is Melania 2.0) - hopefully the trenches can recover from this (they did not for months following MELANIA).

And what makes this different this time is there are still plenty of non new launches doing very well.

The rise of Heaven / light has been tough on BONK, which has seen token graduations plummet.

While TG trench trading volumes have been grinding lower all month (especially for SOL).

Interesting accounts getting smart follows:

• Pubhouse

• Token mill

• Gloom

• heaven

• Digital Freedom

• YZY

• peace

SMART MONEY CORNER - Presented by chainEDGE

• YZY caught a lot of smart $ holdings and is currently the most held, but the accumulation in SPARK and LIGHT are probably better coins to watch

• TROLL also saw a ton of smart $ buying on the day

MEME OF THE DAY