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  • Writer's pictureAnthony Holman

"Smart Money"

Updated: Jul 29, 2022

Our Smart Money segment is powered by research and analytics.

Nansen defines “Smart Money” as, “Wallets that are very active and prolific. Specifically,

this would be any wallet that is considered a fund, smart LP, or whale.”

They track these Smart Money wallets and aggregate the data so that We can see

what the Smart Money is doing.

The results are in.

The number one “Smart Money” destination over the past 24 hours is…

Wrapped Ether ($wETH) - With over $41 million flowing into the token.

In second place is USDollar Coin ($USDC), with a total gain of $29 million.

On the other side of it - Smart Money is exiting its Wrapped Bitcoin ($wBTC) position.

Approximately $13 million has been sold in the past 24 hours.

And finally, we’ll end today with a look at the #1 highest selling NFT from the

past 24-hours.

Today’s winner is…

CryptoPunk #4464 from the CryptoPunks collection.

The CryptoPunks bio reads,

“CryptoPunks launched as a fixed set of 10,000 items in mid-2017 and became

one of the inspirations for the ERC-721 standard…”

The NFT was purchased by the wallet address zoomc for 2,500 ETH, equal to about

$2.7 million at the time of sale.

That does it for today.

Thanks, everyone for tuning in.

We’ll see you tomorrow.

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