In its last data update on December 15, the Nansen 2 platform revealed interesting information about 24-hour fund inflows tracked on the Ethereum network. Smart Money, with its discerning eye on the crypto market, has directed significant investments into various crypto assets. Among the assets in question were coins such as GALA and SHIB. Here are the details…
There is significant inflow of funds for ETH, GALA
Smart Money allocated approximately $12.78 million to Ethereum (ETH) in the last 24 hours. Despite this influx, ETH’s current market cap stands at $2,264.16, a decline of 0.43% over the same period. A cornerstone in the cryptocurrency space, Ethereum continues to attract strategic investments, strengthening its position as a leading crypto asset. GALA, the native token of the blockchain gaming platform, experienced an inflow of approximately $1.53 million in the last 24 hours. However, the current market price of GALA is $0.03115, indicating a decline of 3.44%.
Despite the challenges reflected in the short-term price movement, GALA remains an interesting asset for Smart Money. Additionally, Smart Money directed approximately $1.36 million to sports and entertainment blockchain platform Chiliz (CHZ). CHZ has shown resistance with an increase of 0.08% in the last 24 hours and is currently trading at $0.08543. This modest entry combined with positive momentum presents a positive outlook for CHZ and highlights the various strategies used by Smart Money in the crypto market.
There is fund inflow for SHIB, LINK, MATIC
Shiba Inu (SHIB) witnessed an inflow of around $1.04 million in the last 24 hours. However, SHIB’s current market cap stands at $0.00000989, a slight decrease of 1.3%. On the other hand, there was a fund inflow of 790 thousand dollars for Chainlink (LINK) in the last 24 hours. AGRS saw an inflow of $722 thousand, Polygon (MATIC) saw an inflow of $625 thousand. Finally, a total smart money inflow of 500 thousand dollars for PEPE and LDO attracted attention. This subtle price action underscores the inherent volatility of the crypto market as Smart Money strategically positions itself across a variety of assets as it navigates fluctuations.
As Smart Money continues to shape the landscape of cryptocurrency investments, 24-hour fund inflows on the Ethereum network offer a glimpse into the strategic decisions guiding these allocations. The diverse performances of Ethereum, GALA, CHZ, and SHIB highlight the dynamic nature of the crypto market and provide investors with valuable information for informed decision-making in this evolving environment.
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