## Key Insights From Today’s On-Chain Behavior

- ETH outflows from exchanges seem to have subsided as some ETH has been deposited back into exchanges, at least in the short term.
- Wintermute was observed increasing its APE position ahead of the token staking release, as well as accumulating HFT.
- The Across airdrop announcement generated some interest from Smart Money depositors looking to earn yield through liquidity provision.

## Smart Money Overview

### Smart Money Token Inflows

- **HFT**
    - $1.37m inflow of HFT to Smart Money wallets from exchanges over the past 24H. [Wintermute](https://pro.nansen.ai/wallet-profiler?address=0xdbf5e9c5206d0db70a90108bf936da60221dc080) and [Jump

BP - NA+SM - 2R - Full - 2 - Alpha Radar.svg