Todays Top Stories

Editor: @PhoenixxDown

Market Cap Mismatches

Before diving into the headline story, yesterday we held our third XO Weekly X Space, where we were joined by our special guest, Marian Lechnyr, the Founder of BitDCA.

Marian shared all the details on how you can turn everyday purchases into Bitcoin savings! If you missed it, check out the recording below, where you can also hear Jack, Phoenixx, and Landy give a rundown of the news and broader market analysis:

In our second XO Weekly Space, Phoenixx pointed out an intriguing trend: the disparity between NFT collection market caps and their associated memecoins.

Let’s take a closer look:

Pudgy Penguins vs. $PENGU

• NFT: $507m

• Coin: $1.4bn

BAYC vs. $APE

• NFT: $473m

• Coin: $721m

Captainz vs. $MEME

• NFT: $61m

• Coin: $296m

Runestone vs. $DOG

• NFT: $34m

• Coin: $401m

Sproto Gremlins vs. $BITCOIN

• NFT: $14m

• Coin: $159m

Retardio Cousins vs. $RETARDIO

• NFT: $11m

• Coin: $56m

Rektguy vs. $REKT

• NFT: $11m

• Coin: $71m

RSIC Metaprotocol vs. $RSIC

• NFT: $10m

• Coin: $35m

Mocaverse vs. $MOCA

• NFT: $76m

• Coin: $292m

Across these examples, fungible tokens consistently command higher valuations than their corresponding NFT collections, often by a wide margin.

Are There Undervalued Gems?

Despite the overall trend, a few outliers suggest potential value opportunities:

Milady vs. $CULT

• NFT: $203m

• Coin: $156m

Neo Tokyo vs. $BYTES

• NFT: $33m

• Coin: $22m

Based Angels vs. $BASED•ANGELS•RUNE

• Ordinal: $5m

• Coin: $1m

BASED•ANGELS•RUNE, in particular, stands out. As Phoenixx highlighted during XO Weekly, this token would earn a buyer here a 5x if it simply catches up to its NFT counterpart’s valuation.

This data underscores a clear trend: fungible tokens tend to dominate their NFT counterparts in market cap. However, outliers like Based Angels and Neo Tokyo suggest there are still hidden opportunities in the market.

The key is recognizing where the gaps exist and how they might close as the market evolves.

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Todays Markets

Catch up with Landy in yesterday’s Friday Wrap-Up:

Ordinals

Ordinals continue their downward trend, with Commander Doug taking the biggest hit today after a few days of running it up.

The question remains whether Puppets and NodeMonkes can hold this level, which was around their prior low back in the summer of 2024.

Natcats see a boost today, climbing just above 0.01 BTC. Meanwhile, OMB continues its slide, with only one sale recorded in the past day.

Runes

$RSIC is looking strong today following the team's acknowledgment of the movement of their held supply.

In 4th place is a fake GIZMO—not the legitimate one—which sits just below in 7th.

…and down 9% on a red day for almost all. $MORI is in the green and bucks the trend but only slightly being a little over 1% up.

Meanwhile, Runetoshi has launched $RUNES on Solana with the mission to flip the entire market cap of Runes, which is once again just under a billion dollars:

Todays Opportunities

Giveaways

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