Research Summary
The report introduces The Daily Edge, a newsletter by Onchain Wizard, focusing on new and emerging tokens and projects. It highlights several tokens and projects to watch, including Clustersxyz, Trestle, JUP Airdrop, and JUDGE AI. It also discusses the performance of AI coins, Solana’s dominance in degen volume, and the resurgence of ETH through PepeFork.
Key Takeaways
Emerging Tokens and Projects
- Clustersxyz Launch: Clustersxyz, a cross-chain, multi-wallet name service protocol, has gained attention and is set to launch. It’s essentially a cross-chain ENS powered by LayerZero.
- Trestle’s Potential: Trestle, a potential first mover as the “MUBI of TIA” and a TIA validator, is currently having its LBP on Fjord at a $6.3mm market cap / $21mm FDV. The seed round has seen a more than 10x increase.
- JUP Airdrop: The JUP token is live and trading at $0.70 with a ~7bn FDV. It could potentially stimulate current SOL meme favorites like GME, WEN, WIF, and WYNN.
- JUDGE AI Launch: JUDGE AI, an AI contract scanning tool, is launching and could be a good under-the-radar launch.
AI Coins and Solana’s Dominance
- AI Coins Performance: AI coins are catching a bid after TAO doubled off of its mid-January lows. Notable AI coins on the rise include AGRS, OLAS, and MND.
- Solana’s Dominance: Solana continues to dominate degen volume, with volumes nearly 3x higher than ETH over the last 14 days.
ETH’s Resurgence
- PepeFork’s Impact: Recently launched PepeFork (PORK) has skyrocketed to a $148mm FDV, bringing some life back into the ETH degen realm.
- Smart Money Corner: PORK has been a big winner for the CE smart money cohort, printing $875k in realized PnL thus far. Notable inflows were seen in TROLL, PEPE, and PEAS, while PORL, VEC, and 我们一起学猫叫，一起喵喵喵喵喵 led outflows.
Actionable Insights
- Monitor Emerging Tokens: Keep an eye on the performance of emerging tokens such as Clustersxyz, Trestle, JUP Airdrop, and JUDGE AI. Their launches and potential growth could provide valuable insights into the current market trends.
- Track AI Coins and Solana: Given the recent performance of AI coins and Solana’s dominance in degen volume, it would be beneficial to track their progress and understand the factors contributing to their success.
- Observe ETH’s Performance: With the resurgence of ETH through PepeFork and the notable inflows and outflows in the smart money corner, it would be insightful to observe ETH’s performance and the impact of these movements on the market.
