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...