Smart Money Movements (24h)
The overall trend shows that Smart Money is preparing for the Shanghai merge, with large increases in LSDs and stables over the last 24 hours. Some of the top tokens include USDC, PAX, WETH, USDT, cbETH, and MATIC.
- Index Coop made a diversified staked ETH index token that uses rETH, wstETH and sETH2. It currently has over $1.59m in market cap.
- The purpose of the index is to allow users to take exposure to a diverse number of LSDs that can promote decentralization.
- 1KX bought into this index and currently holds $570k of dsETH.