Markets heading towards elections, memes are indicators of elections, celebrity popularity, viral brands, and publicity stunts, etc.

90% of the new coins being launched on Solana are meme coins being bought/speculate/bet ahead of elections.

most of this activity is being done by new traders with fresh money, no footprints, no records, fresh wallets and buying coins in millions, ending up with big chunks at the end.

For fresh wallet activity and funding new wallets for sniping private transactions or dispersing for farming, Whirl products look good. user/degen can send 1 ETH and distribute it to 100 wallets without any record of private trans. it supports some stablecoins and 10+ chains. could use it for some farming on ETH/ZK/Base, which could be something for degens who are looking into anti-Sybil stuff and private transactions.

The death chain to Rebirth.

Meme coins are being speculated on by other prominent project founders as well.

MakerDAO's Lianchuang Rune makes money by speculating on memes and then buys back its own tokens $MKR, repeating the process like meme.

March, token unlocks totaled $2.91b, with $ARB accounting for $2.21b of that amount. Of this, $670 million went to the team/advisors, and $438 million to investors.

MICROSTRATEGY ACQUIRED 12,000 BITCOINS FOR $821.7M IN CASH: BBG

NMT mint exploited...

Solana $SOL ~$200 (mar-10 > $135)

$SOL is now in top #4, soon it will be in top3 by crossing the ATH & reversing all the fud/panic of last 2yr.

Someone executed a TWAP for $10m+ into $SLERF.

$wif ~ 30% /

The $GBTC saw its highest outflows since January 11, totaling -$642.5 million. put Grayscale wallets on alert for quick alerts [local top/botm], they started dumping at a price of $69k.

The correction is normal; each market ATH has seen an average correction drawdown of -15% to a maximum of 28-30%. Currently, it's down by -12%. Memes and AI coins will be trading at another ATH.

Bitcoin ATH Drawdowns.

FOMC policy rate 5.25%-5.50% (forecast 5.25%-5.50%/previous 5.25%-5.50%)

Summary:

"Rates remain unchanged for the 5th consecutive time."

"The Fud'expects' three interest rate cuts in 2024—somewhat amusingly."

"Core inflation projection has been raised to 2.6%."

"Inflation has eased but remains elevated."

"No cuts will be considered until there is 'greater confidence' that inflation will decrease."

"Growth outlook Upgraded" Business as usual > Investors Positioning > CRYPTO/STOCKS/GOLD