According to @adamscochran on Twitter, many crypto projects use vanity metrics such as total value locked (TVL), fake partnerships, and reported active wallets to create a perception of progress, due to the incompatibility of 'Internet capital markets' with the real challenges faced by startups. This suggests that traders should scrutinize these metrics carefully, as they are often used to attract mercenary capital and may not reflect genuine growth or sustainability (source: @adamscochran via Twitter). Understanding the true fundamentals behind these metrics is crucial for trading decisions and risk management in the crypto market.

According to @bolsaverse, the Monad network currently hosts over 150 million active wallets, highlighting the significance of maintaining activity in wallets that received testnet MON. This strategy becomes particularly pertinent if these wallets house a soulbound NFT for platforms like Twitter or Cipher, signaling potential future value and engagement opportunities.

According to Santiment, Chainlink is experiencing significant dip buying by key stakeholders with 1,659 daily transactions over $100K, marking a high since 2023. Additionally, there are 9,531 active wallets, the most in four weeks. Traders should monitor Chainlink as altcoins begin to rebound.