Exhaustion & Boredom

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.

Exhaustion & Boredom

Feels like the onchain market is tiring out. No narrative can sustain a consistent bid. And I’m personally seeing a lot of traders just step away during this time. Even FantasyTop, the most popular “thing” with CT right now has seen daily users trending down over the week.

Within this quiet market, here are the most interesting upcoming projects, news and narratives worth following if you haven’t been burnt out:

• Prodigy Bot draining wallets

• Name changing token on SOL

• MOR claims go live today

• Relative strength in just a few coins today with most trading down:

  • ZYN

  • PAC

  • PALM

Upcoming Launches / Projects to Watch:

• AIGPU

• Civita

• Kuzco

• rugdotfun

• Fairdistro

• Basecamp

• Baseville

• Overload

• Wagerdotgg

The Biggest DePin Launch Yet

Io.net released IO Cloud v2, featuring revamped security measures. Total verified GPUs now total over 56,000 and cluster ready GPUs at 11,000+. IO is planning to airdrop 5% of its token supply, which is worth $160mm at current prices on Whales.

SMART MONEY CORNER - Presented by chainEDGE

• One of the most quiet EVM flow days I think we’ve seen yet. SPEC led smart money attention, with minimal bids in anything else. Sellside flows were also muted, with ENA leading at $51k.

• Much more activity on SOL, with PUPS, SC, HAMMY and BONK all seeing $150k+ of buys from the smartest SOL traders

• PUPS is back into the top 4 by $10k+ smart holders. With WIF, Michi and nub rounding out the list

• EVM holdings relatively quiet outside of SPEC catching 13 $10k+ smart holders and GNUS accumulation

MEME OF THE DAY