Research Summary
The report delves into the current state of the onchain token market, highlighting the volatility and rapid shifts in narratives. It explores the performance of specific tokens like UNIBOT and DMT, the rise of the social platform FriendTech, and the emergence of new “good coin indexes.” The report also discusses smart money allocation, DeFi narratives, upcoming catalysts such as ETF approvals, and new projects that have caught the attention of smart money. The overall tone suggests a “hot and fast” market with opportunities and risks.
Key Takeaways
The State of Onchain Tokens
- Volatility and Rapid Shifts: Narratives start and die within a day, and tokens like UNIBOT and DMT have seen significant price action.
- Smart Money Allocation: Smart money is well allocated, with only 13% in stablecoins, indicating a risk appetite.
- Emergence of SocialFi: Platforms like FriendTech have exploded in popularity, leading to interest in FT tooling tokens and competitors.
New Indexes and Emerging Narratives
- Rotation Towards New Indexes: Smart money is bidding into new coins like SHIA, HILO, ATOR, showing strength during market dips.
- DeFi Narratives: Platforms like HILO and HMX are seeing good price action, with new projects emerging in the category.
- Upcoming Catalysts: The report highlights upcoming events like Grayscale’s ETF case verdict and Blackrock ETF approval decision.
Alpha for Subscribers and Smart Money Movements
- Exclusive Community Gains: The OCW discord community has printed solid gains, including calling SAINT at a 90x ATH.
- Smart Money Alpha: Top traders are actively buying tokens like RAS and SHOV, as revealed by chainEDGE.
- Daily Research Summary: The report provides daily summaries and insights into smart money movements.
Actionable Insights
- Monitor Emerging Narratives: Stay abreast of rapidly shifting narratives and emerging coins to capitalize on opportunities.
- Utilize Tools like chainEDGE: Tools like chainEDGE can help in tracking swap activity of New Smart Money and catching emerging trends.
- Consider Upcoming Catalysts: Keep an eye on significant upcoming events like ETF approvals that may impact the market.
- Engage with Exclusive Communities: Participating in communities like OCW discord can provide valuable insights and potential gains.
