The Trench Report | June 24th, 2024
The Trench Report | June 24th, 2024
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Headlines:
- Crypto Fear & Greed Index: The index is at 49 (neutral), up from 60 (neutral) the previous day and 71 (greed) a week before.
- SOL price drops below the $125 price mark
- Mt. Gox announced it'll start repaying creditors in BTC and BCH in early July this year, so more supply is to be poured into the market.
- A noticeable decline in Solana DEX volume, from its ATH a couple of days ago.
- Jason Derulo, American singer, launches his $JASON coin on Solana. Market cap peaked at $5.8 million after launch, and now sits at $2.1 million
- Ronaldinho teases on Twitter that he's getting back into crypto again. A reply from ZachXBT to him, mentions that he may be bankrupt again now. A $Ronaldinho coin launched on Solana to peak at $34 million in market cap after the post on X and now sits at $12.4 million market cap.
Notable Launches:
- $SCRAT: Peaked at $63.6 million ATH, now at $59.5 million
- $ALI: Sits at $2 million ATH right now
- $JASON: Peaked at $5.8 million ATH, now at $2.1 million
- $MMIP: Sits at $117 million ATH right now
- $GENIE: Peaked at $1.39 million ATH, now at $813K
Top 10 Solana Meme Coins by Volume:
01. $SCRAT: $27.6 million
02. $711Meow: $19.6 million
03. $ALI: $18.8 million
04. $JASON: $15.9 million
05. $ITC: $13.8 million
06. $WOLF: $13.8 million
07. $WIF: $13.7 million
08. $BILLY: $13.7 million
09. $NCAT: $11.1 million
10. $DADDY (Tate): $10.7 million
Solana DEX Volume 24h:
- June 24th: $559 million
- June 23th: $1.26B
- June 22th: $1.19B
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