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On-Chain Insights: APE trading, USDC movements, and More
Osgur Murphy O Kane

Key Insights From Today’s On-Chain Behavior

  • Relatively quiet day on-chain.
  • Smart Money inflows primarily USDC. Smart Money (Funds and Market Makers) have been observed depositing stablecoins on exchanges (with a weekly netflow of ~170m USDC), perhaps to convert to fiat or move to other wallets for cold storage.
  • One Smart Money wallet has been observed actively trading APE, cashing out ~$800k over the past 24H following the recent pump.

Smart Money Overview

Smart Money Token Inflows

  • Notable outflow of $800k of APE to Smart Money. Looking at the data, it can be seen that this is mostly attributable to the wallet...