As we step into February 1, 2026, the dashboard is showing a fascinanting divergence from the broader market. While Bitcoin is struggling to hold the 80k line, the on-chain "Degen" economy is as active as ever, with high-velocity capital rotating into niche narratives.
1. The "Moltbook" Dominance 📚
The most striking trend today is the absolute dominance of the "Moltbook" ecosystem. We are seeing a proliferation of tokens across Solana, Ethereum, and BSC that leverage this name:
v4MOLT (Ethereum): Seeing a staggering 55M+ usdt in 24h volume with high liquidity (7.2M usdt). Despite the market dip, it’s managing to hold its ground, proving that concentrated community attention can outweigh macro headwinds.
MOLTNET (Solana): Up over 260% in the last 6 hours, showing that Solana remains the go-to chain for rapid-response speculative capital.
Fragmentation: The sheer number of "Molt" variations (MoltRoad, MoltX, MoltChain) suggests a "tribal" meta-narrative that is currently capturing the majority of liquidity.
2. High-Performance Gainers: The "New Pair" Meta 🚀
In the midst of a "Red Sunday," certain low-cap tokens are exhibiting astronomical growth, driven by localized momentum rather than fundamental trends:
Shellraiser (Solana): A standout performer, up 4,000% in 24 hours with nearly 9M usdt in volume. This is a classic example of "liquidity chasing" where traders move into the first green candle they see during a major market flush.
Epstein/SOL: Currently the #1 trending token on Solana by social metrics. While highly controversial and speculative, its 2.2M volume in just 3 hours indicates that "shock factor" remains a potent driver for market activity.
3. Stability in the Chaos: cbBTC and Wrapped Assets 🛡️
Interestingly, cbBTC (Coinbase Wrapped BTC) is maintaining massive liquidity ($7.7M) and volume ($93M) on Ethereum. This suggests that while retail is panicking on centralized exchanges, institutional-grade on-chain participants are using the dip to reposition their wrapped assets into DeFi protocols.
4. Network Performance: Solana vs. The World ⚡
Solana: Dominates the "Trending" list with 7 out of the top 10 tokens. The low fees and near-instant finality make it the primary battlefield for traders during high-volatility events like the current 80k BTC test.
Ethereum (v4): Seeing a resurgence in "v4" pairs, which are attracting heavy volume (Clawnch, Clawnet, etc.). This indicates that the sophisticated "EVM" crowd is pivoting toward new liquidity models to maximize yield during the downturn.
Analyst’s Summary:
The market data reveals a "bifurcated" market. On one side, we have the "Main Street" panic as BTC slips. On the other, we have a highly resilient, hyper-active on-chain economy that is completely decoupled from Bitcoin's price action.
Watch Out For: Liquidity "vampire" attacks where one trending narrative (like Moltbook) drains capital from others. If you’re trading these, stay agile—on-chain trends in 2026 move faster than ever, often burning out in less than 12 hours.
