Research Summary
The article discusses the latest developments in the onchain world, focusing on smart money movements and positioning. It notes the end of a short memecoin run, with PEPE down ~23% and other memes also declining. Smart money swaps have primarily been into stables and ETH, with the only outliers being MKR, FXS, BNB, and GALA. The PSYOP launch is highlighted, with presale buyers down 90%+ on their original cost. The article also mentions that Ben.eth holds 95% of the PSYOP token, valued at $557mm.
Actionable Insights
- Monitor Memecoin Trends: The memecoin run has ended, with PEPE and other memes experiencing significant declines. This suggests a shift in investor sentiment and could signal a broader market trend.
- Track Smart Money Movements: Smart money swaps have been primarily into stables and ETH, indicating a potential shift towards more stable investments. This could provide insights into future market movements.
- Assess PSYOP Launch Impact: The PSYOP launch has resulted in presale buyers losing 90%+ of their original cost. This could have implications for future launches and investor behavior.
