Some key events you shouldn't miss in the past week 'cause it indicates some hint for this week as well ⬇️
$BTC - Weekly candle closed at $68,500 (+0.82%), slightly affected by Mt.Gox's action and traditional stock market movements.
$ETH - The Ethereum ETF had over $1B in first-day trading volume. However, the "sell the news" effect brought negative impacts on $LDO, $SSV, and $PENDLE.
📌 Solana Ecosystem
$SOL - Solana appears to be the next ETF target, but its potential may be limited (Bloomberg). Also, It has surpassed $BNB to become the 4th largest cryptocurrency by market capitalization, only 9% away from the previous high.
$JTO - The TVL in Jito has exceeded $2B. The Jito Foundation revealed plans for Jito Restaking.
$MUMU - Leading the #meme trend on Solana after a Whale swap of $WIF for MUMU.
📌 Meme
$DMAGA - The price of this token dropped 75% in 1 hour after Elon Musk changed his X (formerly Twitter) account avatar
$WHY - The Meme Elephant token surged after the news that BNB Chain will hold the second BNB Incubation Alliance during the Bitcoin2024 Conference.
$TRUMP $MAGA - Fell down due to Donald Trump's speech at #Bitcoin_Coneference_2024
📌 AI
$WLD - SearchGPT, an AI-powered search engine prototype, has been released.
📌 GameFi
$PIRATE - Pirate Nation teased plans to bring their v1 project online on multiple chains.
📌 DeFi
$DYDX - The V3 platform of dYdX was hacked.
$ENA - BlackRock's BUIDL Fund has bid for Ethena's $45 million reserve fund allocation.
📌 Web3, Staking, Metaverse
$MOCA - Cooperation with the $TON Blockchain and $LRDS Block Lords.
$MAX - The next OKX Jumpstart project is Matr1x, a Web3 entertainment platform.
$ALT - The AltLayer project has adjusted the $ALT vesting schedule, suspending the 6-month vesting plan.
It seems like good news come to the #Solana chain again, the strong growth of SOL also brings #memecoins back. ✔️
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However, we should take a look at what tokens have been accumulated over the past week by Smart Money:
1. $TAO - $1.8M
2. $ENS - $651.2K
3. $AAVE - $575.5K
4. $ETHx - $437.7K
5. $TURBO - $328.1K
6. $RNDR - $248.5K
7. $RLB - $241.9K
8. $BAR - $220.6K
9. $1CAT - $138.0K
10. $PEPE - $120.8K
The strongest and most outstanding accumulation of Smart Money goes to $TAO - #AI token, other we see $RENDER. It looks like #AI tokens is in Accumulation Zone of Smart Money. The heat of #Meme could go high first, but we better preparing for the narratives after.
How about you, what narratives do you think will happens this week? 😎 Check real-time trading data at iCrypto.ai
#DataFi #icrypto
