What's is trending today on CT

TL;DR

Fear is high on CT today due to a major DeFi exploit, but institutions are quietly buying the dip. The "Penguin" meta is dominating memecoins, Solana is draining liquidity from Ethereum, and Andrew Tate’s crypto history is under the microscope.

🚨 Security Panic & Exploits

The biggest conversation driver is security. A $16.8M exploit on SwapNet/Matcha has users scrambling to revoke contract approvals. This has triggered a "fear" response across DeFi, even though the actual risk is contained.

  • SwapNet/Matcha: $16.8M lost. AIXBT Summary
  • ZachXBT Reports: Flagged a massive $282M BTC/LTC theft and a $40M theft involving US Marshals seizure addresses. OverheardOnCT
  • Veda: Launched a $1M bug bounty, capturing the "flight to safety" narrative.

🐧 The Memecoin Meta: Penguins & AI

Despite the fear, degens are trading. The "Penguin" narrative is the current leader, driven by a viral White House post.

  • Nietzschean Penguin: Spiked 564% to a $170M market cap. This is pure reflexive trading—price is driving the narrative. AIXBT Summary
  • Clawd: An AI agent coin (CLAWD) surged after the "Clawdbot" agent gained popularity. GroupDigest
  • Pump.fun Activity: Tokens like PENGUIN, clawd, and pippin are leading 24-hour volume.

🥊 Drama: Andrew Tate Investigation

A detailed thread breaking down Andrew Tate's history in crypto is circulating. It alleges he made ~$730k from promotions (SafeMoon, RAPDOGE) and shifted to launching his own coins like DADDY and RNT on Solana later. The investigation links wallet clusters to his "Hustler's University" and tracks $30M flowing through privacy protocols. X: StarPlatinum

🔄 Capital Rotation: Solana vs. Ethereum

There is a clear rotation of capital happening right now.

  • Solana: Absorbed $1.3B in stablecoin inflows over the last 7 days.
  • Ethereum: Saw $3.4B in outflows.
  • Market Sentiment: Institutions are voting with liquidity. Morgan Stanley favoring SOL products over ETH is adding fuel to this fire.
  • Moonbirds TGE: Launching on Solana tomorrow (Jan 28). This is a key event to watch for NFT-to-token speculation. AIXBT Summary

🐳 Institutional Moves

While retail is scared (Fear & Greed at 24), giants are accumulating.

  • BlackRock: Deposited $159M BTC to Coinbase Prime.
  • MicroStrategy: Purchased another $1.25B BTC. X: pawnie_
  • Silver: Surprisingly, Silver hitting $100/oz is trending as it outpaced Bitcoin's monthly gains, sparking "boomer rock" discussions._
Sources
@Djani · 9372 followers
Daily Market Report It’s absolutely crazy how much AI is taking over right now. When we look at the possibilities we’re getting, especially with the new Claude stuff, it’s insane. I’m honestly thinking about ordering an Apple Mini, setting up clawdbot on it, and running it from there. The next thing is: it’s Sunday, and I’ll probably go to the zoo today with friends. I’m also being cautious with what I’m trading right now, because we’ve got some memecoins running like Penguins and a few others. A lot of people will try to push the animal meta again, but we’ll see how long it lasts until the first rugs show up. If it runs, it runs. Silver hit 100 on Friday and is up almost 200%. A colleague of mine was buying kilos and kilos of silver and kept telling me, You should do that too, sell all your crypto and buy silver. I didn’t listen, to be honest. Gold is also up nicely, better than most index fund ETFs. Everyone loves to sell you the S&P, but if you look at what the S&P made last year. Bitcoin is sitting at 88,900. Total crypto market cap is declining after it reached 3.4 trillion at the start of the year, and it’s now sitting around 3.1. Total crypto volume is under 60 billion right now. Even with memecoins running, there’s basically no real interest. Ethereum is sitting at 2,946. There’s still a lot of institutional talk and buying, but the volume has mostly shifted toward L2s like Base. Binance is sitting at 882 and CZ is talking about super cycles. I wrote a big article yesterday about what happens when users feel like they’ve been failed, and then companies start going public, like BitGo. They’ve gathered sanctions for violations. Certik audited projects that rugged. Ledger had multiple privacy breaches, and they’re all still pushing big IPO narratives. Put all of that together and you get the face of the industry right now, and it’s not positive. XRP is sitting at 1.9. Ripple is absolutely rocking it with their stablecoin. Solana is sitting at 126. Despite the whole memecoin run, a lot of people are just moving USDC in and out. People used to hold Solana with the goal of stacking more Solana, but that mindset feels like it’s starting to fade. Dogecoin is sitting at 12 cents after the ETF finally launched. Let’s see if the casino crowd comes back to run it. Monero is down 8%, sitting under 500 at 493. It ran close to 800 last week, and since then it’s been sliding down. The other privacy token is also down around 5%, sitting at 357. The privacy meta didn’t last long, which just shows people aren’t here for privacy. They’re here for quick money, in the end. Chainlink is sitting at 12 after launching the 24/5 market this week. And honestly, it shows where we are in crypto right now. Big infrastructure moves happen and we still don’t get a real run. Pyth is sitting under 6 cents. Sui is sitting at 1.47. Nobody is really using it, and it clearly struggles with adoption. Hyperliquid is sitting at 23. It’s slightly up and people are still buying and using it, but perp trading has lost a lot of volume this year. Aster is sitting at 65 cents after bottoming around 61 cents. Bonfong is showing strength as new clients launch and they use it for buybacks. In the top 50 overall, there isn’t much happening. 1% up, 1% down. Polygon has totally lost its gains from last week, dropping from 18 cents to 12.5 cents. River, which I honestly don’t really know, has been running hard. It’s up around 3x in a month. If anyone knows what this is, that would be cool to hear. We have one penguin running, but the other isn’t following. It’s sitting under the sand right now. On my side, I’m using Paradex and hoping to get the Money Badgers NFT. Today there will probably be another NFT space, maybe Loki again. I need to explore where we’re heading over the next few weeks. I also prepared an article about SwissBorg and how they’re doing in 2026. If you have any ideas on what I should explore next, I’d be happy to hear it.
631 views
9 likes
21 days ago