The Morning Minute (10.22)
⏰Top News:
-Crypto majors fall 10-3%, SOL leads +1% to $167
-AI tokens dominate trading and mindshare on Solana, several soar 3-15x
-Pump Fun sells 40k SOL as revenue reaches $168M
-Magic Eden founder shares one-stop-shop vision
-Avax introduced the "Avalanche Card" allowing users to spend against USDC and more
📰NFT Headlines:
-Ethereum led NFT trading volume with $4.6M on the day; Solana was next with $2.4M, and then Bitcoin with $1.9M
-ETH NFT leaders were mostly red; Punks +3% at 27.7 ETH, Pudgy even at 9.4, BAYC -8% at 12.1, Azuki -1% to 5.18
-Killabears (+32%) and Honey Jar (+20%) led notable top movers
-BTC NFT leaders were mostly red; NodeMonkes -2% at 0.139 BTC, Puppets -2% at 0.157 BTC, OMB -1% at 0.182, Quantum Cats -3% at 0.233
-The Runes leaders were mostly red; DOG -5% at $495M mc, PUPS -21% at $112M, RSIC -1% at $83M mc, BDC -4% to $86M
-Solana NFT leaders were mostly red with Mad Lads -3% at 44 SOL, SMB -2% at 18.7, DeGods -2% at 15.2 and RCs -2% at 29
-Bored Apes and Mutants received "shadow" tokens of their NFTs on ApeChain, tied to their ETH counterparties (but not sellable on their own)
-Magic Eden launched ApeChain NFT trading along with a free mint
-Pudgy Penguins teased another major new retail partner following Walmart and Target
-Cool Cats unveiled new crossbody bags as their latest physical drop
-Killabears expanded into the metaplex and Mutant MPL 404 ecosystem
💰 Token, Airdrop & Protocol Tracker
-Pump Fun sold 40,000 SOL on Monday bringing its total revenue to 969,945 SOL ($162M), which they've sold 503,343 SOL ($78.7M)
-Avax shared metrics from Off The Grid's reach, spanning 79M transactions and nearly 8M onchain wallets
-Scroll announced that just 7% of its SCR token supply will be distributed in its first airdrop, with 570k wallets expected to receive 55M tokens worth ~$77M ($135 per user on average)
-Virtuals Protocol AI Agent Luna launched Sentient Mode v2.0, allowing her to control her X account fully - leading to the LUNA token pumping 170% to $34M
-ApeChain's first Top Trader tournament ended with a top prize of $20,000 (12,666 $APE), now with daily tournaments daily at 3 pm ET running for 21 hours
-Grass announced its final airdrop eligibility checker along with token rewards for participants
🌎 Around Crypto and Web3
-Crypto majors are down 1-3% but SOL is outperforming; BTC -2% at $67,300; ETH -3% at $2,640, SOL +1% at $168; APTOS was a top alt mover up 8%
-Memecoin majors were mostly red; DOGE -1%, SHIBA -3%, PEPE -2%, WIF -4%, BONK -1%, POPCAT +6%, and MOG -8%
-Avalanche introduced the "Avalanche Card" allowing users to spend against USDC, sAVAX, and more
-Ripple's founder Chris Larsen donated $10M in XRP to the Kamala Harris campaign, a move that goes against most of crypto X consensus
-The Minneapolis Fed President shared negative sentiment towards crypto in a town hall in Wiscoonsin, saying it is "almost never" used outside of illicit activities
-Chainlink has partnered with financial giants like Swift and Franklin Templeton to automate and standardize corporate actions data, using AI and blockchain to reduce operational inefficiencies and cut costs
🚀 Memecoin Movers
$JANET (+900,000% to $15M market cap, ETH)
$FUN (+15,000% to $10M market cap, SOL)
$SHEGEN (+2,600% to $10M market cap, SOL)
$SHOGGOTH (+340% to $34M market cap, SOL)
$ACT (+100% to $380M market cap, SOL)
🗓Today's Mints:
Bitcoin Sneakers (8:00 a.m. ET)
Ape Names (10:00 a.m. ET)
Lifeofc x Shape - Postino (11:00 a.m. ET)
Scroll - SCR token launch (12:00 p.m. ET)
Mazin x Verse - Ditherium Gothscapes (1:00 p.m. ET)
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