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GM anon!

Big week, big news! Before we dive into those crucial market updates (spoiler alert: bullish vibes ahead), let’s take a moment to share something even more exciting—The Coiners have officially launched! If this is news to you, buckle up—we’re about to break it down.

Hold tight! We’ve got some exclusive alpha coming your way later in this letter, and trust us, there are plays you won’t want to miss. Big gainz on the horizon. So keep reading! 

So, what exactly is The Coiners? Let’s recap:

We’ve brought together three intertwined brands, each with a sharp focus:

1. M6 Labs – Your trusted source for cutting-edge market and on-chain insights that keep you ahead of the game.

2. Crypto Pragmatist – Where deep dives into market trends meet fundamental analysis for those who like to think critically (and profit massively).

3. And finally, the star of the show… The Coiners! 💰 This is where the magic happens—real-time trading insights, where you can (literally) make money, retire the fam, and maybe even snag that Lambo or private island while you’re at it.

The Coiners is not just a trading brand—it’s a whole new level of market experience. We’ve assembled the finest researchers from M6 Labs and Crypto Pragmatist, paired them with top-tier traders, and created the resource we all wish we had when we started. Lucky for you, now you do!

Here’s what’s on offer: you’ll learn how to trade like a pro, ask questions, get real-time support, join weekly live streams, and so much more—all for free. And guess what? You’ll be in good company—300 brave adventurers have already joined the ranks. Will you be next? 

Little secret: The first 1,000 members get a special gift down the line. Shhhh, only our subscribers get this alpha leak. 🤫

While we’re on the topic,

Join us this Tuesday, October 1st at 1PM EST, for an exclusive livestream with our host, VirtualBacon. VirtualBacon is known for his expert market insights that helped him turn $0 into $5M. Listen to his story here.

During the livestream, you will learn the following:

• Weekly Market Update & Analysis

• Mental & Emotional Trading Mastery

• Trading Tools & Resources Training

…and much much more!

The livestream will be inside Circle though, so make sure to sign up ASAP by clicking the button!

Without further ado, let’s jump into today’s letter. We’ll be showcasing what you can expect over at The Coiners as we go along. Let’s get it!

TLDR 

• Join The Coiners

• Base's TVL crossed $2B

• Major cryptos BTC, ETH, and SOL posted gains, while AI-related tokens like COMAI and enqAI saw surges above 180%

• SEC approved Nasdaq's listing of Bitcoin ETF options, boosting BlackRock’s crypto offerings

• Meme coins like MOODENG skyrocketed by 902%, with DOGE, PEPE, and SHIB also gaining significant momentum

• AI tokens continue to rise with major support from big players

• SUI ecosystem coins like BLUB and CETUS show promising growth potential

Market Update

This week in crypto news, Binance founder ‘CZ’ is set to be released from prison today, two days earlier than scheduled. Meanwhile, SEC Chair Gary Gensler stirred the market by refusing to comment on Trump's Bitcoin reserve while reiterating that Bitcoin is not a security. He also warned that the crypto industry "will not long persist" without investor protection. In a positive market milestone, Base crossed the $2B mark in TVL, reflecting sustained user activity. Additionally, Tornado Cash co-founder Roman Storm will face trial after a U.S. judge rejected his motion to dismiss.

On the regulatory front, the SEC approved Nasdaq's listing of Bitcoin ETF options, boosting BlackRock’s crypto offerings. However, decisions on Ethereum ETF options for BlackRock and Bitwise have been delayed. Gensler, under pressure in a congressional hearing, faced criticism over crypto regulation and the handling of the DEBT Box case. The SEC also settled charges with TrueCoin LLC and TrustToken Inc. regarding the TrueUSD stablecoin.

In market performance, Bitcoin continues to be influenced by U.S. Fed decisions, as China introduces economic stimulus. Ethereum outperformed Bitcoin after the Fed's interest rate cut, though its transaction fees spiked while active accounts hit year-to-date lows. AI tokens led the market with strong weekly gains after the Fed's cut, marking them as key performers.

The week also saw a $50M DeFi hack on the Bankroll network, raising concerns about security in DeFi. Kraken expanded its European footprint by acquiring Dutch broker BCM, while BNY Mellon moved closer to offering crypto custody services for ETFs. Binance launched a pre-market spot trading service, further enhancing its offerings. On the downside, Coinbase-backed Truflation suffered a $5M hack, highlighting ongoing security vulnerabilities in the space.

Meanwhile, Hamster Kombat caused a stir with a controversial token airdrop, angering millions of players. On the legal side, former Alameda CEO Caroline Ellison received a two-year sentence for her involvement in the collapse of FTX, and former Mt. Gox CEO Mark Karpeles made a surprising comeback to the crypto scene.

Majors

Over the past week, major cryptos like BTC (+4.9%), ETH (+5.6%), and SOL (+8.2%) have posted solid gains, reflecting a broader market recovery. This upward momentum has spilled into other sectors, with significant action seen in AI-related tokens. 

COMAI leads the charge with a 182.5% surge, followed by enqAI, which gained 140.8%. These projects are driving interest in the AI sector, with additional support from other tokens like DEAI (+79.5%) and CWEB (+85.5%).

Alongside AI, several other assets have posted noteworthy gains. ZKL saw an 80.0% increase, while ACET jumped by 110.0%. DeFi-related coins like ONDO (+21.0%) and RUNE (+20.6%) also performed well, showcasing a diverse range of interest across the crypto market. 

As BTC, ETH, and SOL maintain steady growth, sectors like AI and DeFi are experiencing rapid price acceleration, offering significant opportunities for investors looking beyond the major caps.

• enqAI (191.1%)

• COMAI (128.8%)

• ACET (110.0%)

• AGRS (108.4%)

• GFAL (102.2%)

• ICE (90.6%)

• CLORE (90.6%

• FI (89.6%)

• CWEB (85.5%)

• ZKL (80.050

• DEAI (79.5%)

• KARRAT (78.3%)

• SHRAP (73.1%)

• AGI (43.6%)

• SEI (29.1%)

• CFX (25.9%)

• AIOZ (25.4%)

• WLD (23.8%)

• NEAR (23.5%)

• PAAL AI (23.2%)

• ARKM (23.0%)

• TAO (22.9%)

• CHZ (22.8%)

• ONDO (21.0%)

• RUNE (20.6%)

• ORDI (20.4%)

• GALA (18.2%)

• STRK (18.0%)

• JASMY (17.3%)

• RENDER (17.3%)

• GRT (16.1%)

• HBAR (14.2%)

• LDO (13.7%)

• AR (12.9%)

• PYTH (12.8%)

• IMX (12.6%)

• ATOM (12.6%)

• BTT (12.5%)

• NOT (12.3%)

• BGB (12.2%)

• ADA (11.8%0

Memes

The past week has seen explosive movement across various sectors of the meme market, with MOODENG leading the charge, skyrocketing by a staggering 902.1%. MOODENG is blazing through the charts.

Meanwhile, classic major meme coins like DOGE (+15.4%), PEPE (+26.2%), SHIB (+34.5%), and FLOKI (+22.9%) are gaining significant momentum. These veteran meme assets are once again capturing market attention as retail and institutional investors alike appear ready to ride the wave of this meme coin resurgence. 

Another major trend emerging from this surge is the rise of RUNE ecosystem-based projects, particularly PUPS (Ordinals +154.4%) which is crushing it! These smaller, yet rapidly growing projects are showing that the meme market is far from saturated, with newer entrants still finding success. It’s clear that the meme coin ecosystem is back in full swing, riding high on the renewed bullish sentiment across the crypto landscape.

• MOODENG (917.6%)

• BDC (207.0%)

• PUPS (150.8%)

• KEYCAT on Base (145.7%)

• SC (84.7%)

• NPC (76.3%)

• WOLF (73.4%)

• DOG (71.2%

• MOTHER (70.4%)

• DADDY (64.2%)

• MICHI (49.3%)

• SHIB (34.8%)

• NEIRO (31.4%)

• WIF (30.7%)

• MOG (27.5%)

• PEPE (26.2%)

• BONK (23.9%)

• FLOKI (22.4%)

• BRETT (19.9%)

• DOGE (15.5%)

• OSAK (6.7%)

• MOG (6.4%)

• POPCAT (5.2%)

Smart Money Accumulation

The Ethereum ecosystem is experiencing a wave of smart money accumulation, with several tokens seeing significant growth in holdings over the past week. Notably, WOLF, MOG, wQUIL, and PEPE are among the top assets with substantial dollar balances, indicating strong confidence in their potential.

WOLF has seen a solid 11.24% increase in holdings over the past 7 days, with a massive balance of $1.03M, leading the pack. MOG, despite a slight dip in accumulation (-2.2%), still holds a sizable $1.02M, showing it remains a favorite among smart money despite minor fluctuations. wQUIL has been one of the standout performers, with an 11.88% increase in accumulation and a notable balance of $1.57M.

Newcomers are also making waves. EDOGE has risen quickly, showing significant accumulation and now holding a balance of $178.95K. MASYA, another fresh entrant, has built up a balance of $244.72K, signaling growing interest in the project as smart money continues to accumulate.

The Solana ecosystem is seeing some exciting accumulation trends, with smart money rapidly increasing holdings in key tokens. Leading the charge in dollar balance are $michi, MOODENG, POPCAT, and $WIF, all of which have attracted significant interest.

MOODENG has been a standout performer, climbing the leaderboard at an incredible pace with a 17.41% increase in holdings over the past week. Now sitting with a balance of $2.91M, it’s clear that this token has caught the attention of serious investors, rising quickly to compete with more established tokens.

$michi continues to hold strong, increasing by 2.52% and reaching a balance of $2.72M. Although POPCAT saw a 20.5% decrease in accumulation, it still holds the highest balance at $4.60M, showing that despite the short-term dip, it remains a significant player. $WIF had an impressive week as well, surging by a massive 219.17%, bringing its balance to $3.50M.

In the smaller cap space, FWOG saw a solid 16.45% increase in holdings, now holding $1.27M, indicating growing interest. mini, despite a slight dip of -0.47%, still maintains a healthy balance of $318.48K. Meanwhile, SCF and SC have both seen steady increases, holding balances of $700.32K and $674.06K, respectively.

Revenge of Ordinals & Runes

Following the halving, Ordinals and Runes faced a brutal pullback, leading many to believe it was the end of the Rune ecosystem and that Bitcoin-based NFTs were done for as prices continued to crash. However, for the die-hard believers, this was the prime opportunity to accumulate. Now, they're reaping the rewards of their stone-cold, unwavering approach. In this market, it's all about forming a strong thesis, sticking to it, and profiting when the tide turns.

NFTs are back, and this time, they’re on Bitcoin!

Want an alpha play that many don’t know about outside of the ordinals ecosystem? 

Here it goes anon btw stuff like this gets shared regularly on The Coiners:

The creator of Bitcoin Puppets initially launched a project on Ethereum called Lasogette, which migrated to the Bitcoin ecosystem a few months ago. Lasogette is the original, and Bitcoin Puppets are the derivative. It might be worth scooping up a few Lasogettes while they’re still cheap—who knows what could happen! 😉 Not financial advice.

Data Points

SUI Alpha

Last week, we broke down some great SUI ecosystem protocols to check out and gave you an overview of some enticing yields, but how about some tokens that could do insane multiples this week?

The SUI ecosystem is gaining traction, and several projects and memecoins within it are riding the wave of excitement. 

• Coins like BLUB, the leading memecoin on the network 

• HSUI, an OG coin with a loyal following 

• and FUD, a revival project, showing promising potential for growth 

• Additionally, CETUS, the top DeFi project in the SUI ecosystem, is well-positioned to benefit from increased liquidity as SUI’s value rises.

These coins present great opportunities, especially if the SUI hype continues into early 2024. For those looking to invest, setting up a SUI wallet and using decentralized exchanges is key.

Join The Coiners for free and unlock deep insights like these, plus so much more from expert traders. Gain the edge you need to catch the next 100x opportunity with exclusive strategies and plays!

Don’t just take our word for it—see for yourself below. Our subscribers got access to the list above and even more alpha. Plus, you can pick the brain of traders like Liquidust, who, by the way, makes serious money trading. In crypto, the ultimate test of expertise is making—and keeping—profits. We made sure to bring those kinds of traders on board!

AI Gains

 AI hype is fueling interest in trading WorldCoin ($WLD), creating a potential swing trade opportunity.

• AI Hype Intensifies: With AI-related projects like TAO, NEAR, and AR already running, $WLD is catching up as AI excitement continues to build.

• Massive OpenAI Funding Round: OpenAI is about to announce a record-breaking $6.5B funding round, valuing the company at $150B. The restructuring of OpenAI is drawing investments from major players like Nvidia, Apple, and Microsoft.

Now it’s time for another peek into The Coiners platform. Recognize the name below? If not, you should! VirtualBacon is one of the top figures in the crypto education space, and he’s part of The Coiners team.

Expect insightful and actionable trades that can take your skills to the next level. Here, he breaks down the $WLD trade in detail. Join now and get access to all this for free!

STH MVRV Moves

The Short-Term Holder MVRV ratio is currently giving off signals that resemble those we saw back in November 2023. Though this moment has occurred before recently, the setup is looking very different due to general bullish market conditions.

• For those new to the metric, MVRV (Market Value to Realized Value) helps us gauge whether short-term holders (those who have held coins for less than 155 days) are in profit or loss by comparing the current market price to the price at which they acquired their coins.

• When short-term holders are in profit, as indicated by a rising MVRV, it often leads to increased buying pressure, which can drive prices higher.

• What makes this metric especially valuable is its usefulness not just in signaling short-term market sentiment but also in providing long-term insight into market structure changes.

and yes! we cover these crypto macro data points over at The Coiners as well. We’re blown away by the sheer amount of data and alpha being pumped out on this platform—whew!

That wraps up today's insights! We hope you enjoyed today’s issue! Till next time anon.