Sparsity

Data-first research for the trenches

[Sparsity @sparsitydata]

Last cycle's biggest memes all looked dead at two months old.

By day 60, PEPE, WIF, BONK, FARTCOIN and the rest had each already come back from two or three drawdowns of 50% or more. Today's leaders on Robinhood Chain and Solana are on the same track.

Look at the blue box in the bottom left. The dashed orange icons are last cycle's winners at two months old, the blue ones are today's leaders. They sit right alongside each other.

What came next is the part most people seem to forget during these drawdowns. From day 60 to their top, the winners grew a median of 15.9x, and they had a median of 4 more drawdowns along the way. Every single one went through at least one more 50% drop before it topped and nobody got the 15.9x without sitting through the drops.

Worth mentioning: This only includes coins that went on to win, so it's what winning looked like, not how often it happens. We'll be tracking these leaders daily.

[Sparsity @sparsitydata]

Today's research firms cover crypto at the majors or protocol level, leaving onchain traders with little insight into the day to day rotations.

Introducing Sparsity

We track what they miss: daily wallet flows, holder strength, and attention metrics across the trenches.

All research is free, brought to you by @0xkioto and @ArtofConviction