Fantom meme season update #5

BbyA...nMtW
20 Aug 2024
180

If you haven't seen my introduction post about Fantom meme season start there as it'll give you all the background you need for this.

https://www.bulbapp.io/p/0647e9bd-4989-4165-aeee-48ed50d10b0f/fantom-meme-season-will-it-work-as-intended?s_id=b3f02dac-e2c4-4dbc-90fe-f152d08a42fc




Memecoin Stats Attack

We're definitely seeing a nice recovery in volume, driven by some new entrants to the contest, but MC (Marketcap) remains stubbornly low.





Marketcap

Starting to see a significant gap open up between 1st and 2nd and 1st+2nd and the rest of the field. Seem the most interesting battle here will be 3-5 as 1 and 2 already look locked in. But even then there seems to be a large gap between 3-5 and the tokens below so likely it'll just be the ordering of those 3.




Volume


Overall

Volume is a similar story for 1 and 2. But for 3-5 it's different. 3rd place is significantly a head of 4th place, and 4th is significantly ahead of 5th. Looks like the closest race will be for 5th with 3 tokens pretty close together.




Trend

The individual tokens are following the overall trend for volume. fSONIC has seen a jump in volume in the last couple of days.




Analysing LPs

We have two qualifying positions in Season 2. We've hitched our wagon to HOOPS and TANGO.


HOOPS Harmonics

After a big drop in value we're seeing at steady recovery, not least in part driven by the continuing rewards on the LP from HOOPS.

Starting to see some bribes on the voting gauges too from the HOOPS team.
Though not as aggressive as sGOAT.



https://beets.fi/pool/0xd3dc477821bb37a54d96573821ed8408a980b118000200000000000000000867






WFTM/TANGO

We are seeing much the same story on Equalizer for TANGO. My gauge votes have helped increase my position as TANGO is bribing heavily on the gauge vote LPs.

https://equalizer.exchange/liquidity






Memecoin Roll Call

Let's meet some of these ****coins.

TANGO

https://www.tango.meme/
X https://x.com/TangoJRT
Discord https://discord.gg/x4rT4FQ8

TANGO is pretty simple: They bribe super heavy on Equalizer.
That's about the extent of it.

https://www.coingecko.com/en/coins/tango


And they're is running a side promotion to the main season which includes the LP on Base which also on Equalizer (which is called SCALE on Base).




And that's about it.
It's kinda 'keep it simple stupid' situation. Seems to be working for them.
But I can't see the longer term play here ...yet.




You can have some cake

Cakes On Solana

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