The data of the Nansen 2 platform attracts attention. Because it clearly shows that smart money investors have shown great interest in crypto markets in the last 24 hours. This interest is reflected in significant flows into many popular cryptocurrencies such as ZETA, WBTC, INJ coin, and LINK. In this article, we will examine the Nansen 2 data in detail. We will also provide a more comprehensive perspective on what the influx of smart money means for crypto markets.
Smart money flow: INJ coin and these exist
According to Nansen 2 data, in the last 24 hours the smart money went to the likes of WBTC, INJ coin, LINK. Below are the coins that received the most entries.
- ZETA: More than 7.6 million dollars of smart money entered ZETA in the last 24 hours. This shows that investors have a great interest in this new metaverse project.
- WBTC: WBTC, the Wrapped version of Bitcoin, received over $5.1 million in smart money inflows. This shows investors’ faith in Bitcoin and their long-term investment plans.
- INJ: INJ, the token of Injective Protocol, received over $2.5 million in smart money inflows. This shows investors’ interest in decentralized derivatives markets.
- mETH: mETH, which offers ETH staking service, received over $1.1 million in smart money inflows. This shows investors’ interest in ETH and their desire to earn passive income through staking.
Apart from these, it is worth noting that BLUR received an inflow of 703 thousand dollars and rETH received an inflow of 672 thousand dollars. Additionally, Chiliz recorded an entry of $648 thousand, RNDR $524 thousand, and AAVE $312 thousand.
The impact of smart money flow
Smart money flow plays an important role in cryptocurrency markets. The flow of money into an asset usually leads to an increase in the price of that asset. Therefore, tracking the flow of smart money can be an important tool for investors. Nansen 2 platform is preferred because it provides comprehensive and detailed data on smart money flow. Because this data includes:
- Movements of whale wallets
- Token flows between exchanges and DEXs
- Interactions with smart contracts
- Investments in DeFi protocols
Nansen 2 data shows that smart money investors’ interest in cryptocurrency markets has increased and these investors attach great importance to assets such as ZETA, WBTC, INJ, mETH. LINK, the token of the popular oracle service Chainlink, received over 819 thousand dollars of smart money inflow, showing that the interest in the DeFi sector continues. This situation can be interpreted as an indicator that cryptocurrency markets are in an upward trend. Investors can optimize their investments by tracking the flow of smart money. Thus, they can make more informed investment decisions.
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