ToE's Weekly Highlights #78
I theorized that we will see a Memecoin Supercycle 9 months ago.
Its been playing out thus far and @MustStopMurad thesis aligns perfectly
A list of 15 Memecoins in my watchlist and alpha updates 👇🧵
My earlier take on memecoins:
Weekly Updates
Sonic's Bold Comeback: A Game-Changing Upgrade in Q4 2024
Sonic (formerly Fantom) is primed for a comeback with its groundbreaking upgrade set to roll out by December. Promising 10,000 transactions per second, 1-second finality, and a trustless Ethereum bridge, Sonic aims to reclaim its spot in the DeFi space. With a new $S token launch, $130M airdrop campaign, and a developer-focused Gas Monetization Program, Sonic is positioned to attract attention. Add Andre Cronje's upcoming DeFi projects, and Sonic could be one of the biggest catalysts in Q4, revitalizing its ecosystem and community.
On-chain Alpha
Currently, 7 of the top 15 blockchains by TVL are Ethereum Layer 2s (L2s), signaling that Ethereum’s scaling strategy is bearing fruit. However, to maintain its dominance as the top settlement layer, Ethereum must tackle the critical issue of liquidity fragmentation across L2s. Bridging assets between these layers is still a complex and cumbersome process for new users. For Ethereum to onboard the next billion users, simplified and seamless solutions are needed to abstract away these technical challenges, making cross-L2 transactions effortless and accessible.
Weekly alpha by @TheDeFinvestor
Narrative Overview
Market Overview with $BTC and Altcoins
$BTC has fluctuated between $59K and $64K, currently stabilizing above $62K after a volatile start to October. Altcoins have shown resilience, with many like $SUI and $FTM establishing higher lows since October 3, signaling a potential shift away from the bearish March-August regime. Eyes are on the market as traders speculate on a bullish trend leading up to the U.S. elections, with some still expecting continued choppiness in the short term.
Past 7 day Sector Performance
Murad Effect and On-Chain Activity
Memecoins have surged, driven by the so-called Murad effect. His picks—$POPCAT, $GIGA, and $SPX—have seen meteoric rises in market caps, sparking a frenzy on Ethereum and Solana. The reflexive loop of investor interest and price movement has pushed on-chain mania, with microcap coins on Solana and Ethereum experiencing 5x to 10x gains from their lows.
Netflows for top memecoins
Memecoin Trading vol vs MC
As memecoins heat up, opportunities abound in projects showing strong social engagement and consolidation.
$POPCAT
$GIGA
$SPX
$SIGMA (on Solana)
$USA (on Solana)
$MINI (on Solana)
$FWOG (on Solana)
$APU (on Ethereum)
$BITCOIN (on Ethereum)
$JOE (on Ethereum)
$KEKEC (on Ethereum)
$SMURFCAT (on Ethereum)
$MOG (on Ethereum)
$KEYCAT (on Base)
Altcoins and Key Catalysts
$SUI has reclaimed its previous ATH and remains a standout leader in the altcoin space, while $WLD is eyeing a potential pump ahead of an October 17 event with Alex Blania and Sam Altman. Meanwhile, EigenLayer’s $EIGEN token launched, showing early signs of stabilization after its initial airdrop pattern. The rise of political memecoins like $TRUMP and $MAGA highlights increasing interest in politically charged assets as we approach the U.S. elections. With Uniswap launching Unichain and strong moves in $AERO and $DEGEN, altcoin activity is set to keep investors on their toes.
Other updates
FTX Payouts and Token Unlocks Ahead
It’s been a wild week with fan tokens soaring, FTX preparing to release $16B to creditors, and a flood of token unlocks hitting the market. Bitcoin ETF flows are strong, but Ethereum whales continue dumping.
Chain Abstraction is gaining momentum, offering a seamless, unified interface for Web3 adoption. As we brace for market volatility from these major events, all eyes are on BTC price action and upcoming catalysts. Buckle up—things are about to get interesting!
