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  • Writer's pictureAnthony Holman

"Smart Money"

Updated: Jul 29, 2022

Our Smart Money segment is powered by Nansen.ai 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.”


Nansen tracks these Smart Money wallets and aggregates 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…


DAI (DAI) (pronounced ‘die’) - With over $25 million flowing into the token.


According to CoinMarketCap, “DAI is an Ethereum-based stablecoin whose issuance

and development is managed by the Maker Protocol”.




On the other end -


Smart Money is exiting the USD Coin (USDC) to the tune of $51 million in the past

24-hours.


According to CoinMarketCap, “USD Coin (known by its ticker USDC) is a stablecoin that

is pegged to the U.S. dollar on a 1:1 basis”.






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

past 48-hours.


Today’s winner is…


Otherdeed for Otherside #89944.





The Otherdeed for Otherside NFT bio reads,


“Otherdeed is the key to claiming land in Otherside [metaverse]. Each [NFT has]

a unique blend of environment and sediment — some with resources, some

home to powerful artifacts…”


The NFT sold for 152 ETH, equal to about $244 thousand dollars at the time of sale.


That does it for today.


Thanks, everyone for tuning in.

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