In the 20 days of Bitcoin's surge, what did the smart money on the chain buy?

BlockBeats
2024-02-27 19:21:19
Collection
Methodology for Tracking Smart Money

Author: 0x711

At the beginning of the Year of the Dragon, the cryptocurrency market is surging like a dragon going to sea, unstoppable. From February 7 to now, in just 20 days, Bitcoin has skyrocketed from $43,000 to $570,000, an increase of over 30%, indicating that a bull market has indeed arrived. However, the anxiety among most investors has risen in tandem with the market's explosive growth, as many hold more Layer2, Gamefi, meme coins, small images, and even inscriptions…

Bitcoin Monthly Chart, the Bull is Here

So how has the Smart Money, which has performed exceptionally on-chain during these 20 days, stood out? What coins did they buy during this period, and have they already sold or swapped? This article analyzes the data from the 0xScope platform as follows.

First, the list of Smart Money addresses in this article is based on the addresses that have performed outstandingly in terms of net profit, return on investment, and win rate over the past 30 days as monitored by Scopescan.

In this round of rising cycle (February 7 to 27), the ranking of the coins with the highest profits for high win rate Smart Money is as follows:

  1. MOBY (Community-driven ICO platform): Smart Money buy-in cost $0.7335, current price $2.63, profit $4.04 million. As of the time of writing, the net inflow for this coin remains $1 million.

  2. WLD: Smart Money buy-in cost $3.3, current price $8.1, profit $2.99 million. As of the time of writing, the net inflow for this coin remains $1.94 million.

  3. COTI (Enterprise-grade digital finance network protocol): Smart Money buy-in cost $0.099, current price $0.2399, profit $1.24 million. As of the time of writing, the net inflow for this coin is $463,000.

  4. wBAI (Open-source decentralized AI protocol): Smart Money buy-in cost $2.66, current price $9.77, profit $974,000. As of the time of writing, the net inflow for this coin is $140,000.

  5. PALM (Chat multi-platform robot based on Google AI technology): Smart Money buy-in cost $0.144, current price $0.595, profit $923,000. As of the time of writing, this coin shows a net outflow status, with $12,800 having flowed out.

  6. ORDS (Bitcoin ecosystem DeFi project Ordiswap): Smart Money buy-in cost $0.0776, current price $0.2293, profit $823,000. As of the time of writing, the net inflow for this coin is $284,000.

Ranking of Coins with the Highest Profits for Smart Money

From the above rankings, it is not difficult to see that AI concept tokens occupy a significant portion of the list, mainly due to the market enthusiasm sparked by Sora extending into the crypto market, while the top coin, MOBY, is a project with high community popularity, focusing on "community-driven" and "fair token distribution" concepts.

In summary, market attention + fair distribution + small circulating market cap are common points for high-yield varieties on-chain in this round of market trends. By combining the funding flow of Smart Money, perhaps the next Smart Money could be your wallet.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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