The Trench Report | June 21th, 2024

The Trench Report | June 21th, 2024

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Headlines:

- Crypto Fear & Greed Index: The index is at 63 (greed), up from 60 (greed) the previous day and 74 (greed) a week before.

- $PONKE to partner with FOMO Ventures - a leading web3 fund, KOL network, and venture studio - for strategic investment 

- Today is the day when TheRoaringKitty (aka DFV) should be exercising his bet on $GME stock, this may influence meme coins based on stocks as well

- Donald Trump's former advisor says the president and his son haven’t launched a meme coin. It's worth noting also that the Polymarket bet on the $DJT coin being a real one tied to Trump, has re-adjusted from a 20% chance to just a 1% chance

- $BILLY CTO lead sold a huge bag, and deleted all socials to nuke the coin. A new CTO group was formed later.

- 92% of Solana's top DEX volume is meme coins

Notable Launches:

- $KITSUNE: Peaked at $20.2 million ATH, now at $1.2 million

- $NHAWK: Peaked at $1.5 million ATH, now at $665K

- $VIVI: Peaked at $5.1 million ATH, now at $2.2 million

- $ITTY: Peaked at $3.8 million ATH, now at $1 million

- $Winklevoss: Peaked at $1.4 million ATH, now at $794K

Top 10 Solana Meme Coins by Volume:

01. $KITSUNE: $57.1 million

02. $NCAT: $39.6 million

03. $BILLY: $33.3 million

04. $WOLF: $33.3 million

05. $BEER: $25.6 million

06. $DJT: $20.6 million

07. $NHAWK: $20.6 million

08. $DOGENALD: $13.3 million

09. $CHIPPY: $11.2 million

10. $ITTY: $10.5 million

Solana DEX Volume 24h:

- June 21th: $627 million

- June 20th: $1.98B

- June 19th: $1.94B

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