AI Coins Are Back?

In Partnership with Vector Reserve

As part of their transition to deflationary tokenomics, the Vector team has removed 500 ETH of total liquidity and has commenced buy back and burn mechanisms. Thus far the team has executed 30 ETH of VEC buyback and burns in the past few days.

AI Coins Are Back?

Majors have marginally improved to $64k / $3.1k, while some signs of life were seen in AI large caps like FET and RNDR which were up a few percent in the last 24hr. Onchain AI coins NAI, NMT and ENQAI bounced the hardest. Additionally GNUS rose 6x over the past 24hr following its exploit which sent the token down 90%+. New AI launch Spectral also performed well today.

But still, the real relative strength and much better volume was again seen in memes:

• peanie

• TORI

• CWIF

• KEYCAT

• nub

• SKI

• Rocky

New launch DEVIN has been popular on CT, with the token hitting recent ATHs of $13mm (now at $7mm). While FRIEND bounced from the ~$1 lows to $3 before Sisyphus sent his regards. Within the SocialFi space, FantasyTop has also been receiving quite a lot of attention since its mainnet launch.

Upcoming projects, narratives, launches to follow:

• WorldPVP launches this week

• AIGPU

• Kast

• Fairdistro

• Basecamp

• Baseville

• Overload

• 0xPolyverse mint tomorrow

• LegendofArcadia mint tomorrow

• Wagerdotgg

• Anera

The Biggest DePin Launch Yet

Io.net has done a good job moving past the GPU spoofing attacks while enacting verification systems and cleaning up explorer data to give a better representation of the network. The team continues to sign up major partnerships and is expected to launch its token on SOL this month. Total verified GPUs on the network now stand at a still significant 54,000.

SMART MONEY CORNER - Presented by chainEDGE

• Extremely clear rotation by smart money back into AI coins for the first time in a month. SPEC, COMAI, NMT and BAI all saw $50k+ of smart buys in the past 24 hours

• On SOL, CCAT, MEW and PUPs led smart money buying, each getting $100k+ of net inflows

• MICHI is now the number one token by our SOL smart money measurements (from a total dollars perspective). This appears to be pretty interesting considering the relative market caps of the rest of this list are all higher than MICHI

• EVM holdings showing smart money starting to lose relative interest in FJO and building a sharp new position in GNUS on this dip, bringing the token into the top 3 by $10k+ smart holders

MEME OF THE DAY