Now time for the “Smart Money” segment powered by Nansen.ai research and
The number 1 Smart Money destination of the last 24-hours is USDC, with an increase
While the 2nd most popular destination for Smart Money since yesterday is USDT -
increasing by $7.8M
The moves highlight Smart Money’s preference for stablecoin assets over the last
24-hour cycle - presumably as Bitcoin and Ethereum struggled to maintain daily prices.
The 7-day forecast shows that Smart Money is still more broadly “risk-on” - in particular
for Bitcoin - as the Wrapped Bitcoin (wBTC) token takes the number 1 spot with an
increase of $39.5M over the last 7-days.
Smart Money is exiting its Wrapped Ether (wETH) position. Almost $15 million has
traded-out in the last 24-hours, and nearly $70M in the past 7-days.
A clear indication that Smart Money is risk-averse, at least in the short-term, when it
comes to holding Wrapped Ether.
We’ll end today with a little crypto Arts and Culture - as we take a look at this
weeks #1 highest selling NFT.
And the winner is…
The CryptoPunk sold for 300 ETH, worth approximately $513K at the time of sale.