Key Insights from Today’s on-chain behavior
- APE tokens continue to be deposited into exchanges
- Markets continue to be quiet.
Smart Money Overview
Smart Money Token Inflows
Apart from BUSD, we only observed significant inflows of WETH into Smart Money wallets today.
- $5m inflows of WETH into Smart Money wallets in the past 24H
- All inflows executed by Jump Trading likely for market making purposes since the WETH tokens were either being bridged to other chains or sent to other Jump wallets.
Smart Money Token Outflows
4 largest outflows from Smart Money outside of stables include MATIC, APE and CRV
- $2.1m outflows of MATIC from Smart Money wallets in the past 24H
- Most outflows attributed to Polygon...