Key Insights From Today’s On-Chain Behavior
- Smart Money is most interested at present in GEAR protocol, with 10 depositors into the Curve pool over the past 24 hours.
- There is continued risk aversion in the market given the general negative outlook following the FTX crash and associated contagion.
- Binance continues to have large outlows, primarily stables. However, the exchange still has enormous reserves. Note that proof-of-reserves do not represent the full picture of an exchange’s financial health. With all centralized entities, exercise extreme caution at present.
Smart Money Overview
Smart Money Token Holdings
- $1.87m increase in dYdX holdings for Smart Money wallets in the past 24H.
- The increase can be...