The Trench Report | June 18th, 2024

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The Trench Report | June 18th, 2024

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Headlines:

- Crypto Fear & Greed Index: The index has risen to 74 (greed) from 71 (greed) the previous day, maintaining the same level of 74 (greed) as last week.

- SOL Price Decline: SOL price falls below $140.

- Market Downturn: The majority of the crypto market is experiencing significant declines.

- $DJT Coin Launch: Allegedly linked to Donald Trump or a family member, the coin achieved a $474 million market cap within 5 hours and is now at $282 million. Notably, there's a $400K+ bet on Polymarket with an 80% chance that the coin is not related to Trump.

- $TRUMP Whale Activity: Many $TRUMP whales on Ethereum have sold their holdings to capitalize on the $DJT news.

- Binance Launches New Contract: Binance introduces the $MEW/$USDT perpetual contract with up to 50X leverage.

- Sexyy Red Teases New Coin: Sexyy Red hints at launching her coin on Twitter/X.

Notable Launches:

- $BICHO: Peaked at $10.8 million ATH, now at $1.8 million.

- $BOBBY: Peaked at $3.3 million ATH, now at $585K.

- $NGMI: Peaked at $410 million ATH, now at $163 million.

- $CHIPPY: Peaked at $7 million ATH, now at $2.7 million.

- $DOGGY: Peaked at $4.6 million ATH, now at $446K.

Top 10 Solana Meme Coins by Volume:

1. $BILLY: $94.4 million

2. $BEER: $79.9 million

3. $MEW: $26.9 million

4. $BICHO: $21.8 million

5. $DADDY (tate): $18.3 million

6. $MOTHER (iggy): $18.2 million

7. $WIF: $17.8 million

8. $BOBBY: $17.5 million

9. $DADDY ($daddy): $17 million

10. $NGMI: $15.8 million

Solana DEX Volume (24h):

- June 18th: $1,250,297,211

- June 17th: $2,102,916,930

- June 16th: $1,352,395,616