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On-Chain Insights: Smart Money Inflows, LSD plays and Trending Tokens
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Key Takeaways
5 min read
  • Smart Money increases holdings in COMP, stETH, uWu and cSUSHI. Significant inflows attributed to specific wallets and institutions, such as Pantera Capital.
  • Trending tokens like USH, SYN, and DYDX are gaining attention, with USH claiming to introduce increased decentralization in the LSD market and DYDX supposedly showing promising developments in its testnet.
  • Notable wallet activity includes purchases of FXS and APE tokens, with wallets depositing tokens into specific projects like Frax Finance and Bend DAO.

Smart Money Movements (24h)

Smart Money increases holdings in COMP, stETH, uWu and cSUSHI.

COMP

  • Smart Money increased their holdings in COMP by $6m in the last 24 hrs.
  • A significant amount of the inflows are attributed to two wallets belonging to a Smarter LP and Farmer X labeled wallet addresses.
    • Total inflows of over $4.2m into this Smarter LP wallet.
    • Additional inflows of $1.8m into this Farmer x wallet.
  • Two Fresh wallets for the token were also created back on the 10th of April, each holding $1.6m and $1.3m respectively.
  • The...