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On-Chain Insights: LSD Narrative Continues, SYN Accumulation, YFI
Osgur Murphy O Kane
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Key Takeaways
2 min read
  • The overall trend shows that Smart Money is doubling down on the LSD narrative.
  • Arbitrum is paving the way for the L2 movement in terms of bridging activity.
  • There were four interesting wallets that we surfaced on-chain today that has been accumulating GRAIL, SYN, CVX, YFI, and LDO.

Smart Money Movements (24h)

The overall trend shows that Smart Money is doubling down on the LSD narrative. While volume is thinning out and the craze from the narrative trades at the start of the year seem to be slowing down, the LSD tokens are holding up quite well relative to the rest of the market.

LIT

  • $30k outflows from LIT token. This includes a $40k outflow from zhijazi. This wallet has completely exited its position, taking profits on its strong run-up lately.
  • LIT (Liquidity Incentive Token) is the token for Timeless Finance. Timeless is a yield market protocol that lets you boost, hedge, and trade yield.
  • It is up 55% over...