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Today On-Chain: Smart Money Stablecoin Balances and Notable Token Inflows
Osgur Murphy O Kane
Key Takeaways
2 min read
  • General narrative trading continues in the market in a PVP environment. Large activity still seen in memecoins and gamblefi.
  • 23 large DEX purchases of PNDC memecoin. It is from Pauly0x, who was involved with PEPE.

DMT Smart Money Accumulation

There has been notable Smart Money accumulation of DMT on Arbitrum. There were $96k inflows over the past 24h, and a total net inflow of $230k over the past week. Check out the narrative trader report here that highlights wallets that have traded narratives well this year (including DMT). DMT fits in the ‘gamblefi’ category. The token is the native asset for Dream Machine games - and is used for fees and rewards.

  • The gamblefi narrative has seen strong gains lately which traders may want to bear in mind.
  • DMT is down 10% today and 15% from its...