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- 😹 Memecoin Supercycle Confirmed!
😹 Memecoin Supercycle Confirmed!
PLUS all the AI news and new projects you need to know about!
Before we jump in, make sure to check out the Meal Deal:
To navigate crypto bull markets correctly, one needs to have a crew with which to bounce ideas.
That’s why we created the Meal Deal—a lifeline for the professional degen and a gateway to an active crew grinding every day to make it in crypto.
Institutional-grade research
Actionable alpha / Coin picks
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Interactive video content
GM, Happy Freedom for Ross Day to those who celebrate.
Before we get into all the good news, let’s glance over some charts. Bitcoin is holding firm above $100k, and as long as that continues, especially if it holds above around $130k, a continuation to $120 keks seems increasingly likely.
This presumption is also underscored by continuously weakening DXY and USDT dominance charts and a very bullish picture on the TOTAL market cap charts. We're looking good as long as nothing drastically changes during the next few days.
Well then, back to the news. President Trump officially pardoned Silk Road founder Ross Ulbricht, which is an excellent sign that he is keeping his promises. Not only that but yesterday evening, we got the news about the “crypto mom,” Commissioner Peirce, being put in charge of SEC’s new crypto task force.
This clearly signals an entirely new and more bullish era of crypto in the U.S., and we already see signs of that. Yesterday, a massive list of crypto ETF filings appeared, including ones for Solana or even Doge and Bonk.
Memecoin supercycle, you ask? It definitely seems like it, especially with Trump commenting on his own memecoin, saying that making billions on it is mere peanuts. Things seem ready to move higher, as far as I’m concerned.
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SOLENG/SOL 4H Raydium
The Soleng team doxxed themselves yesterday and it turns out they are some cracked devs with CERN-level machine learning pedigree.
The chart looks primed. There has been a lot of volume in the last few days as the price has reclaimed high timeframe support (red line) and the decade VWAP (blue line - the only way to factor in last year’s price action).
I’ve secured a reasonable bag and will try to add on any pullbacks into the purple box.
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
Smart-money movements of the day.
Source: Chainedge
TRUMP is leading the memecoin mindshare
Crypto in 2025:
Comparing mindshare of presidential memecoins.
Imagine predicting that (GCR probably did).
— Kaito AI 🌊 (@_kaitoai)
8:44 AM • Jan 22, 2025
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AI Corner
It’s a big day for AI valuations with the news dropping of $500 billion of USG-sponsored AI investment in Open AI’s Stargate Project. Everything in crypto runs on valuation comps, so this is likely good news for the market cap ceilings on our coins.
Today’s Projects of Interest:
Alris has a yield optimiser agent on Solana. They are still pretty small cap at $4.6m, but are clearly getting a some attention, given the SOL agents seem to be leading Base at the moment, and they’re specialising in Solana yield. I particularly like the chart, which looks primed for a return to the highs.
Pippin looks great today, too. It’s pumped relatively hard already, given they’ve open-sourced the codebase and structured it as an agent dev framework. A pullback into the purple box is likely a good buy, with high timeframe support around 0.14.
Listen is technically very interesting and entered price discovery today at a $24m market cap. It’s a @Mantra pick, which usually ends well. They are building on the Arc Rig framework in Rust, which is the native Solana language, and they claim blazing-fast query lookups with a long list of impressive functionality. I bought half a bag and will try to buy a pullback (chart linked above), but I’m unsure whether we will dip below the previous high again.
New content to study.
AI Agents Weekly by Kaito
Onboarding Billions: DeFAI as the Crypto Superapp by Daniele
Nillion: Empowering AI Agents with Blind Compute & Storage
DeFAI: The Rise of Trading Agents by 0xJeff
Donald Trump is investing in AI & crypto by Hoeem
Updates on all things AI16z and Eliza by Witch
New projects & updates.
List of new teams and AI projects by Grant blocmates
Singular (Agentic protocol)
Mirai (AI)
pyano fun (DevRel AI agents)
The important bits.
Mode (L2) - Updates on everything new with Mode DeFAI ecosystem
Tannsi (DeFi) - Let’s Forkin’ Dance Season 2 starts tomorrow
Core DAO (BTCFi) - Discussion on how Core unlocks opportunities for every Bitcoiner
mETH Protocol (DeFi) - Features a guide on how to earn more COOK
Vana (Data, AI) - Partners with dFusion AI
Sophon (Entertainment layer) - Don’t miss the weekly broadcast with Sophon founders
Dinero (DeFi) - Now integrated with Zyfi
Abstract (L2) - Announces USDC integration onchain
Even more important bits.
Texture releases an article on the state of Ethereum
One of Ledger founders was supposedly kidnapped
Ethereum core developer Eric Conner exits, citing Vitalik Buterin’s leadership decisions
Court lifts OFAC sanctions on Tornado Cash
Coinbase CEO Armstrong says the exchange would delist Tether if required by law
Micheal Egorov extends his CRV lock-up period for four more years
Bank of Japan might be heading towards a rate cut by the end of the week
Mara CEO: "We're "focusing on bringing the Strategic Bitcoin Reserve to all 50 states
Charts and stats of the day.
Berachain climbs into top 8 chains by TVL
Stabelcoin growth on Solana is going parabolic
Life gets busy so here’s what you’ve missed.
MODE: Leading the DeFAI Revolution.
Research
Before the onset of the AI agent takeover, only a select few projects were working toward this vision.
Mode network recognized the opportunity last year and pivoted from a general-purpose L2 to a platform that is rapidly emerging as the premier hub for AI agent innovation.
UniversalX (Chain agnostic trading)
Bound (Bitcoin stablecoin)
SUBFROST (BTCFi)
Second Foundation (World computer)
To save you doom scrolling.
When Justin Sun has better plans for Ethereum Foundation than EF itself, you know there’s changes to be made…
If EF and Ethereum Were Under My Leadership
“#ETH to $10,000”
My First Week Plan
1. Halt ETH Sales immediately and Optimize Revenue
EF will immediately cease selling ETH for at least three years. Operational costs will be covered through AAVE lending, staking yields, and… x.com/i/web/status/1…
— H.E. Justin Sun 🍌 (@justinsuntron)
9:37 AM • Jan 22, 2025
There’s a lot of drama happening around Ethereum and Ethereum Foundation currently. A funny side effect of that is that most Ethereum-aligned developers and holders are currently putting on Milady or Remilio PFPs.
If this trend continues and ETH finally starts pumping, I can easily see higher prices for NFTs and also CULT, which already benefited a lot—just a lil something to watch.
stay safe homies,
Hix0n 🫡
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