Introducing The Daily Edge
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Introducing The Daily Edge
Introducing The Daily Edge, a daily newsletter by me, Onchain Wizard. The goal of this newsletter is to bring you actionable insights on new, emerging or upcoming tokens/projects and to put you in a position to win in under 5 minutes daily.
Posts for the new daily newsletter will live over on Beehiv here in the next few days, and if you are on the current Onchain Wizard’s Cauldron email list, you are already on the list. But if you like this content you should sign up (its free, and will be have a higher velocity of content).
WHAT TO WATCH TODAY
Clustersxyz - I’ve seen a lot of smart people start following this over the past few days, and will be launching today. Clusters is a cross-chain, multi wallet name service protocol - basically a cross chain ENS, powered by LayerZero
Trestle - potential first mover as the “MUBI of TIA” + a TIA validator. We’ve seen a few attempts at this go to zero (so exercise caution) but it appears the product is up and running, and the project is currently having its LBP on Fjord at a $6.3mm market cap / $21mm FDV. It is worth noting that the seed round here is up more than 10x (see docs), and has 25% vesting at TGE. With TIA being one of the strongest coins of the past few months (and running to a $17bn FDV), look for Trestle to be potentially interesting as not only a validator+bridge project, but also a TIA rollup chain (please DYOR).
JUP Airdrop - The JUP token is live, and currently trading at $0.70 or a ~7bn FDV. Look for potential stimulus effects into current SOL meme favorites like GME, WEN, WIF and WYNN
JUDGE AI - a bit more of a degen play, this token is launching today, and is an AI contract scanning tool. The product seems to already be working, and could be a good under the radar launch.
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NARRATIVES & MORE
You may have seen tons of invite codes to ggdotzip, but what is it and why does it matter? The project is a self proclaimed “Solana Hunger Games” backed by Delphi. It is essentially a racing game where you get to choose your own character, there are prize pools and it sounds like there is AR involved as well. Basically it will be like Pokemon GO or STEPN, and there is an airdrop campaign (hence the invite codes you see everywhere).
AI coins are catching a bid after TAO doubled off of its mid-January lows. We’ve observed chainEDGE smart money balances of AI coins on the rise, notably AGRS, OLAS and MND. PS, this is a new view from chainEDGE 3.0, which is releasing publicly this Friday
Solana continues to dominate degen volume (measured by TG bot volume) - SOL volumes are nearly 3x higher than ETH over the last 14 days
Don’t count out ETH just yet, as recently launched PepeFork (PORK) has skyrocketed to a $148mm FDV in the past few days, bringing some life back into the ETH degen realm
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In terms of swap activity, TROLL, PEPE and PEAS led notable inflows while PORL, VEC and 我们一起学猫叫，一起喵喵喵喵喵 led outflows.
The most notable trend in smart money accumulation over the past week was seen in PEAS, which saw smart money balances up 16% to $1.4mm across 10 wallets. The “ponzi” subnarrative on ETH has been strong, with notable tokens in the category VEC, PEAS and BTC performing well over the past few weeks.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.