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