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On-Chain Insights: Smart Money Inflows, Large DEX Trades, zkSync and Sommelier Finance
Jake Kennis
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Key Takeaways
2 min read

  • Smart Money activity indicates a risk-off approach, with substantial inflows towards stable tokens and LSDs such as stETH ($21m) and rETH ($3.7m).

  • Sommelier Finance and zkSync are trending based on daily inflows, while GALA and MATIC observed notable DEX purchases.

Smart Money Movements (24h)

The overall trend shows that Smart Money activity are slightly risk off on the day, with significant increases in stables and LSDs over the last 24 hours. Some of the top tokens include stETH, WETH, USDT, DAI, and rETH.

stETH

  • Over $21m inflows to Smart Money over the last 24 hours.
  • 🤓 Smart LP: 0x458 deposited $3.7m to the Curve stETH farm over the last 24 hours.
  • [🤓...