Coingape Staff
In an exciting turn of events, Ethereum, Blur, and Shiba Inu, tokens functioning atop the Ethereum blockchain, garnered noteworthy interest among crypto market enthusiasts globally as these cryptos emerged among the top 5 tokens on the smart money token inflow list. Data revealed by Nanasen.AI suggested immense confidence among crypto market traders and investors for these tokens as of writing.
Meanwhile, Ethereum emerged at the list’s cork, with Blur following it up in second place. Shiba Inu, however, positions at the fifth spot on the list. Intriguingly, the ETH, BLUR, and SHIB prices traded in the red today, coming in contrast to the investors’ confidence.
Diving Deep Into The Report
According to the data revealed by Nansen.AI, Ethereum, at the list’s cork, showcased a 24-hour inflow of $11.28 million, with an exchange outflow of $92.44 million. Blur, with the second position on the list, portrayed a 24-hour inflow of $5.40 million, whereas it noted an exchange outflow of $559.12K. Additionally, Shiba Inu, in the fifth place on the list, witnessed a 24-hour inflow of $592,435, accompanied by an exchange inflow of $388.39K, nabbing significant attention across the global crypto realm.
The smart money token inflow list indicates the top tokens acquired by smart money contracts in the last 24 hours. Smart money investors are experienced investors within the broader crypto market, and their confidence in particular digital assets might signal that the tokens are poised for greater runs ahead. Concerning this, the aforementioned tokens appear to have garnered noteworthy attention among crypto market traders and investors, emerging at the top today, February 17.
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ETH, SHIB, & BLUR Prices Drop.
As of writing, the Ethereum price chart showcased a plunge of 1.19% over the past day and is currently trading at $2,776.63. Notably, the price of the Ethereum-based meme coins Blur and Shiba Inu also traded in red, dropping 1.93% and 1.70%, respectively. The Blur price rested at $0.707, whereas Shiba Inu’s price stood at $0.000009695. When compared to the smart money token inflow list, the contrasting drops appear to have birthed a tidal wave of speculations for the tokens’ run ahead.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
