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On-Chain Insights: Accumulation of LINK and net outflow of ETH continues

Key Insights from Today’s On-Chain Behavior

  • Significant accumulation of LINK by Smart Money wallet and Fresh wallets
  • ETH continues to flow out of exchanges

Smart Money Overview

Smart Money Token Inflows (24H)

Apart from stables (cUSDC, BUSD, USDC), we observed increased risk on behavior by Smart Money wallets today.

More notably, these were some of the largest inflows:

  • $3.9m inflows of WETH
  • $4.5m inflows of AAVE interest bearing WETH (aWETH)
  • $3.6m inflow of AAVE interest bearing LINK
  • $1.6m inflow of rETH (Rocket Pool ETH)

Smart Money Address “23456

  • Apart from trading NFTs, the wallet has not carried out any...