RARE is the kind of NFT platform coin that almost nobody remembers—yet it just pulled off 25% gains. The copycat venues have also shifted from swapping into AI new coins to NFTs and old DeFi.

PHA and ARK are still hanging at the front of the gainers list, while JOE, RARE, and KMNO have moved up to take the spotlight. 25%… 25%… 18%… all are old names that have been sinking for a long time. Low-float tickets like BABY are seeing volume surge 3x, lining up behind them.

This isn’t like the PHA wave, driven by storytelling—this time, everything being bought is just deeply undervalued and cheap. Money has started to stop caring about fundamentals and only cares who is still lying on the ground.

Fees are more honest than prices: SOL is still sitting at the top tier, while XRP has cooled back from its 1% cap to 0.29%. ZEC is hanging at 0.72% with full long exposure—prices are rising, but fees have been split into layers. The leaders are first to cool off, and the laggards just starting to catch up are the ones being lit. This kind of tiering often shows up in the latter half of a rotation.

On the other side, Brent crude slid from above 100 down to 99.4, knocking off 2.7 percentage points in a day. Inflation’s breath eases—only half a step—while the 10-year US Treasury yield is still pinned at 5.2% and hasn’t moved. What really needs watching is whether the breathing room oil prices have provided is enough to keep the fire under those old NFT coins going through tonight. Tomorrow will tell.

$RARE $JOE