Speaker 1: Hey, it's Alex with the Token Metrics daily polls for
Speaker 1: May tenth, twenty twenty six. NFTs are making noise again.
Speaker 1: Solana had a big week and a major crypto bill
Speaker 1: is finally moving to the Senate. Let's get into it,
Speaker 1: but first, a quick word from our sponsor. Okay, So
Speaker 1: here's what's happening. Bard apes are back. I know how
Speaker 1: that sounds, but hear me out. NFT floor prices are
Speaker 1: moving up for the first time since late twenty twenty four.
Speaker 1: Weekly volume just saw its first real jump in over
Speaker 1: a year. People wrote the obituary, they held the funeral,
Speaker 1: but now the apes are walking again. This matters for
Speaker 1: more than just digital art. NFT prices usually lead the market.
Speaker 1: They show when traders feel bold. When people buy JPEGs,
Speaker 1: they aren't being rational, they are being confident. That confidence
Speaker 1: is a huge signal fear and greed jumped nine points
Speaker 1: in one day. Suey is up six percent. Alt coins
Speaker 1: are waking up up while Bitcoin stays flat near eighty
Speaker 1: one thousand. The move is starting at the edges. That
Speaker 1: is exactly how new risk cycles begin. The broader market
Speaker 1: is quiet. Bitcoin is just under eighty one thousand. Ethereum
Speaker 1: is at twenty three hundred and Solana is near ninety three.
Speaker 1: Both are flat today. Total market cap is holding a
Speaker 1: two point eight trillion Bitcoin dominance is at fifty eight percent.
Speaker 1: If alts keep moving, that dominance should drop. D five
Speaker 1: value is up slightly at one hundred and sixty five billion.
Speaker 1: Stable coin supply is flat at three hundred twenty billion.
Speaker 1: This means plenty of cash is still waiting on the sidelines.
Speaker 1: The Fear and Greed Index hit forty seven today. That
Speaker 1: is neutral territory, up from fear yesterday. Price didn't move much,
Speaker 1: but sentiment did. Either confidence is building early or traders
Speaker 1: are getting ahead of themselves. We will find out soon
Speaker 1: what is driving this mood shift. A few things are
Speaker 1: coming together. The biggest story is the return of risk appetite.
Speaker 1: Board apes are leading the charge. It shows traders are
Speaker 1: ready to speculate again. At the same time, the Clarity
Speaker 1: Act finally has a Senate mark update. This market structure
Speaker 1: bill has been stuck for years. It is moving. We
Speaker 1: also see a shift in Layer two S. Total value
Speaker 1: Locked is up three percent this week, but the winners
Speaker 1: are changing. Plume network is up nearly twenty nine percent.
Speaker 1: Stark Net is up twenty percent, meanwhile Mega f drop
Speaker 1: thirty four percent. Money is moving fast. It is flowing
Speaker 1: toward chains with real use cases, not just hype. Solana
Speaker 1: is the clear leader among major tokens this week. It
Speaker 1: is up over ten percent, trading around ninety three dollars.
Speaker 1: Our Charts labeled the set up as very bullish. The
Speaker 1: structure looks like it wants to go higher, but there
Speaker 1: is a catch. The trade is getting crowded. Upside moves
Speaker 1: might come in short bursts rather than one long run.
Speaker 1: The trend is still your friend here. Just decide if
Speaker 1: you want to chase this price or wait for a
Speaker 1: better entry. It is not a buy signal, just the
Speaker 1: current map of the market. Let's look at the stories
Speaker 1: behind the numbers. First, the Clarity Act. The Senate Banking
Speaker 1: Committee set a date to review it. This is a
Speaker 1: big deal. The bill has been a talking point for
Speaker 1: three years. With the July fourth deadline from the White House,
Speaker 1: this is now a sprint. Watch the banking groups, though
Speaker 1: they are fighting it hard. Next, Layer zero admitted a
Speaker 1: flaw in the Kelp Dow exploit. Layer zero is the
Speaker 1: plumbing that connects chains when the plumbing leaks. Everything built
Speaker 1: on it is at risk. This is damage control. Watch
Speaker 1: if other protocols move away from layer zero. If they do,
Speaker 1: it becomes a bigger problem. Also, Trump Media lost four
Speaker 1: hundred million last quarter, mostly from Bitcoin and cro price
Speaker 1: drops Terrewolf, a minor now makes more money from AI
Speaker 1: than mining. That's shows you where the industry is headed. Finally,
Speaker 1: a UK sprinter is facing crypto fraud charges. I guess
Speaker 1: you can outrun the regulators, all right, before we get
Speaker 1: into the risks, quick word from our sponsor. Okay, we're back.
Speaker 1: Let's talk about what to watch for. Fear and greed jumped,
Speaker 1: but bitcoin stayed still. That gap is a warning sign.
Speaker 1: When mood outruns price, the next dip hits harder. This
Speaker 1: happens because people are already using leverage. Look at layer
Speaker 1: two s as well. The total numbers look healthy, but
Speaker 1: Mega f is down thirty four percent. Capital is fleeing
Speaker 1: some chains to join others. When liquidity moves this fast,
Speaker 1: the losers get stuck in a bad loop. They lose
Speaker 1: users and fees quickly. Also, keep an eye on layer zero.
Speaker 1: One design flaw makes every connected protocol nervous. If a
Speaker 1: major DeFi app pauses its service this week. The market
Speaker 1: will react fast. Two things to watch this week. First
Speaker 1: is the Clarity Act markup. This meeting will decide the
Speaker 1: rules for crypto in the US. Second, the White House
Speaker 1: is expected to give an update on a US Bitcoin
Speaker 1: Strategic reserve. This could happen in the next few weeks.
Speaker 1: Any news about the government holding bitcoin is a massive catalyst.
Speaker 1: It would send a huge signal to other countries and
Speaker 1: big buyers around the world. That's the pulse for May tenth.
Speaker 1: If you want to catch crypto trades before the crowd,
Speaker 1: start a seven day free trial of token metrics Signal.
Speaker 1: Just go to tokenmetrics dot com. You get alerts with
Speaker 1: the setup, risk and what would change the trade. This
Speaker 1: is educational content, non investment advice. Always do your own research.
Speaker 1: I'm Alex, See you next time.