Key Insights From Today’s On-Chain Behavior
- Jump shifts around some ETH (1% of the position in their main ETH wallet), but did not sell (yet)
- Not too many new exciting contracts deployed on ETH in the past few days. Interestingly enough BNB Chain still has many new contracts being deployed every day with decent inflow and traction, most likely from retail. These contracts and projects however do not seem to have too much innovation. One example would be the PRIMAL IDO on the DAO Maker Launchpad, a mix of Stepn and Chiliz, that managed to raise $1.2m from retail in these market conditions.
Smart Money Overview
- Relatively quiet day on-chain, no notable trends.
- Jump Trading has moved 20k...