AUGUST RECAP
August had no shortage of stories. But the flow of funds is starting to show a pretty clear order of priorities.
- PUMP is still leading. Onchain is heating up as FOMO continues to pull in hundreds of thousands of new users to the ecosystem every month. As long as the onboarding pace can be maintained, there’s still no reason for the momentum to fade.
- ENA is right behind. DAT just ran nearly 3x, while mNAV is starting to catch up in valuation. With the current positioning, the likelihood of a major announcement in the near term is quite noteworthy.
- ZEC has surpassed its ATH: the top-performing major coin in the group, and it has now broken out from a long-lasting HTF accumulation zone. The privacy trade is clearly still paying off—there are still people willing to fund it. ZRO is preparing for the next phase: launching a chain focused on capital markets, targeting around 2M TPS, with institutional adoption as the key focus. The story here is no longer just about interoperability.
- LIT + HYPE remain the two strongest names benefiting when crypto volume returns. HYPE is at its ATH, while LIT has bounced extremely strongly from the bottom. If capital keeps flowing back into the market, this is still the group with relatively “clean” beta compared to the rest.
Next, we’ll break down each category rotation to see where the money is leaving and where it’s preparing to focus.
GM.
August had no shortage of stories. But the flow of funds is starting to show a pretty clear order of priorities.
- PUMP is still leading. Onchain is heating up as FOMO continues to pull in hundreds of thousands of new users to the ecosystem every month. As long as the onboarding pace can be maintained, there’s still no reason for the momentum to fade.
- ENA is right behind. DAT just ran nearly 3x, while mNAV is starting to catch up in valuation. With the current positioning, the likelihood of a major announcement in the near term is quite noteworthy.
- ZEC has surpassed its ATH: the top-performing major coin in the group, and it has now broken out from a long-lasting HTF accumulation zone. The privacy trade is clearly still paying off—there are still people willing to fund it. ZRO is preparing for the next phase: launching a chain focused on capital markets, targeting around 2M TPS, with institutional adoption as the key focus. The story here is no longer just about interoperability.
- LIT + HYPE remain the two strongest names benefiting when crypto volume returns. HYPE is at its ATH, while LIT has bounced extremely strongly from the bottom. If capital keeps flowing back into the market, this is still the group with relatively “clean” beta compared to the rest.
Next, we’ll break down each category rotation to see where the money is leaving and where it’s preparing to focus.
GM.
