Updated: Aug 14, 2022
Nansen.ai analyzes the on-chain data of crypto wallets that are “active and prolific” - such
as, “whales, funds, or smart LPs (smart-contract liquidity-providers)” - it calls these
wallets, Smart Money.
The number 1 Smart Money destination over the last 7-days is Wrapped Ether (wETH),
with an increase of $66.2M - 87% of this increase, representing about $57.7M, coming
just within the last 24-hours.
On the other side of the equation -
Smart Money is exiting its position in USD Coin (USDC). Approximately $58.8M USDC
has been traded in the last 24-hours - though on the 7-day chart, Smart Money still
holds a 12.6M position in USDC.
We’ll end today with a little crypto Arts and Culture - as we take a look at the
weeks #1 highest selling NFT.
And this week's winner is…
The CryptoPunk sold for 260 ETH, worth approximately $429K at the time of sale.