Research Summary
The report discusses the recent shift in the cryptocurrency market from trading tokens on ETH/ARB/AVAX to flipping memecoins on SOL. It highlights the significant increase in users and volume for Bonkbot, SOL’s main trading bot, and the corresponding decrease for Maestro and Banana. The report also provides an analysis of smart money favorites based on the number of $10k+ holders and discusses the marketwide shift towards memes on SOL and more fundamental projects on ETH.
Key Takeaways
Shift in Trading Focus
- Trading Shift to SOL: The report notes a significant shift in the market from trading tokens on ETH/ARB/AVAX to flipping memecoins on SOL. This shift is evident in the increase in users and volume for Bonkbot, SOL’s main trading bot, and the corresponding decrease for Maestro and Banana.
Smart Money Favorites
- Smart Money Preferences: Based on the number of $10k+ holders, the report identifies OLAS, AGRS, MUBI, BANANA, $VAULT, MXH, and HYPR as smart money favorites. However, it also notes a general downward trend in smart money token holdings as attention/volume/liquidity has shifted away from ERC20 coins.
New Tokens with Smart Holdings
- Emerging Tokens: The report highlights several newer tokens with $20k smart holdings, including KOI, MXH, MARK, FI, OMNI, RSTK, MZERO, vMINT, TUX (op), and UEFN.
Marketwide Shift
- Marketwide Shift to Memes on SOL: The report discusses a marketwide shift, including smart money, towards memes on SOL and more fundamental projects on ETH. It identifies AI, BRC20, and situation-specific plays like HYPR, BANANA, MXH as the primary themes on ETH.
Swap Flows
- Swap Flows Analysis: The report analyzes swap flows over the past week, noting that EVM attention for coins on AVAX and ARB has cooled off, and it’s back to mostly ETH. It identifies BDID, OMNI, TURT, MUBI, MXH, LBR, 1CAT, and ENQAI as leaders, each with $50k+ of net buying.
Actionable Insights
- Monitor Trading Bot Activity: The report suggests that monitoring the activity of trading bots like Bonkbot, Maestro, and Banana can provide insights into shifts in the market. This could be useful for understanding where the “hot ball” of attention/liquidity/volume is moving.
- Track Smart Money Favorites: By tracking the number of $10k+ holders, investors can identify smart money favorites and potentially uncover promising investment opportunities.
- Watch New Tokens with Smart Holdings: The report suggests that newer tokens with $20k smart holdings could be worth watching for potential growth.
- Consider Marketwide Shifts: The report highlights the importance of considering marketwide shifts when making investment decisions. For example, the current shift towards memes on SOL and more fundamental projects on ETH could influence investment strategies.
- Analyze Swap Flows: The report suggests that analyzing swap flows can provide insights into market trends and potential investment opportunities.
