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On-Chain Insights: USDC and BUSD Smart Money Activity, Y2K Deposits, and More
Osgur Murphy O Kane

Key Insights from Today’s On-Chain Behavior

  • On-chain behaviour in general is conservative as crypto still reels from the FTX debacle.
  • On-chain data suggests some market participants may be cashing out their stablecoins to fiat.
  • Some Smart Money deposits in Y2K ahead of the next epochs.

Smart Money Overview

Smart Money Token Inflows

  • USDC inflow of $12.3m to Smart Money Wallets over the last 24H. Of this, $18m went to Jump Trading, meaning there was a net outflow of USDC excluding this wallet.
  • Jump notably accumulated large amounts of BUSD over the past month. However, their wallet holds only $4.7m dollars now (down...