💎 Alpha Brief: Trump's FIGHT
PLUS: Tracking a million dollar PnL alpha hunter
Gm, this is the Alpha Brief, your dose of crypto alpha driven by smart on-chain intelligence.
Here’s what we have for you this week:
📈 Accumulation Alpha
🔍 Wallet Watchlist: Narrative Trader 0xb60b0
📈 Accumulation Alpha ft. FIGHT, WLD and AERO
✊ The FIGHT Is Not Over: As if the upcoming US election wasn't enough to spark trading of Trump and Biden-related memecoins, the recent assassination attempt on Donald Trump has ignited another wave of Trump memecoin mania. Among the frenzy, FIGHT, a newly created memecoin on Ethereum, is attracting massive attention from on-chain degens.
FIGHT has already reached a market cap of $57 million, with even more impressive on-chain accumulation stats. In the past three days, total accumulation has hit $59 million, with top holders contributing over $2.5 million in buy volume. Notably, there have been no sell-offs from this group yet, indicating potential for higher price action. Additionally, recent Smart Money DEX traders have accumulated over $650k in FIGHT just in the past 24 hours.
FIGHT has quickly emerged as one of the top memecoins to watch leading up to the upcoming elections.
🧿 WLD Bottom Is In? Sam Altman's Worldcoin is back in the spotlight with a price surge of over 86% just in the past three days. Fresh wallet accumulation and CEX outflow spiked significantly, with approximately $5 million in WLD moving out of CEX and into on-chain wallets in the past few days. However, this surge occurs just days before insider unlocks begin, with only 2.7% of the supply circulating— the lowest float ever recorded in the industry.
When Worldcoin launched, only 1.4% of the supply was circulating. The team allocated tokens to market makers with a buyback option to suppress the price. Despite claims of non-involvement, the team seems to have influenced the token's price through changes in emissions, market maker contracts, and well-timed announcements, maintaining a $30 billion FDV. With most upcoming emissions going to insiders, the price increase seems designed to benefit insiders and VCs. It is crucial to stay vigilant when dealing with such market forces.
🚀 AERO Takeoff: Aerodrome, the premier DEX and DeFi protocol on Base, has been on a remarkable streak, consistently generating massive volume and increasing rewards for AERO lockers. Coinbase Ventures, which announced their acquisition of a position in AERO earlier this year, continues to accumulate more, recently purchasing over $2.5 million worth of AERO from the market. Other top holders have also shown strong interest, accumulating over $2 million in AERO just this week.
These factors have driven AERO’s price up by over 70% this week. Despite this impressive surge, AERO is still down 50% from its all-time high. However, with strong investor conviction and continuous accumulation by major players, the price has the potential to climb even higher.
🔍 Wallet Watchlist: Narrative Trader 0xb60b0
This wallet, 0xb60b0, has been making profits trading various sectors like new memecoins, new DeFi and even ERC-404 tokens. In fact, this wallet made ~$80k from trading MNRCH and PANDORA, the two ERC-404 tokens, back in February. But the biggest win came with RCH in June, when they made a profit of ~$130k.
Here’s the wallet breakdown:
💰 Current Balance: $19,810
🤑 Lifetime Realized PnL: $1,281,093
💎 Current Top Holdings:
✅ Interesting On-chain Activity:
Bought $33k worth of RKC, a memecoin on Ethereum, recently. The price action on the token looks like its set to go another leg up with consistent increase in Top Holders and Fresh Wallets accumulation this week.
Bought ~$3.5k worth of HTK (Hard To Kill), another Trump assassination attempt related memecoin. But they quickly sold it off at a meagre profit of $115, expecting the token to be a rug.
🎭 Meme Of The Day
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DISCLAIMER: The content provided here should not be considered as investment advice. We encourage you to exercise your own judgment and make independent, research-based decisions when considering any investments.