Smart Money Flows Into Ethereum Network: Top Tokens Including FTM Coin Revealed!
The post Smart Money Flows Into Ethereum Network: Top Tokens Including FTM Coin Revealed! appeared on BitcoinEthereumNews.com.
The cryptocurrency market has been volatile recently, yet seasoned investors and long-term enthusiasts continue to maintain their faith in Ethereum. According to recent data from Nansen, these savvy investors have shown significant interest in particular tokens on the Ethereum network within the last 24 hours. In this article, we will explore these tokens and dissect the preferences of smart money within the Ethereum ecosystem. Discover how smart money is navigating Ethereum’s volatile market by delving into their top token picks and the factors driving their investment decisions. Smart Money and Their Top Token Picks The latest Nansen data reveals that in the Ethereum network, smart money has predominantly funneled their investments into a few select tokens over the past 24 hours. These tokens are capturing significant attention due to various strategic reasons, including staking, liquidity, and network advantages. Key Tokens Under the Spotlight Highlighted below are the tokens that have experienced the highest net inflows from smart investors in the last 24 hours: WETH ($3,369,284): Wrapped Ether, widely used in decentralized applications (dApps), saw a net inflow of over $3.3 million, establishing itself as a favored choice among savvy investors. aEthwstETH ($3,275,171): This derivative of Lido Staked Ether (stETH) provides liquidity and staking benefits, attracting more than $3.2 million in net investments. ezETH ($2,433,436): Another liquid staking option from Rocket Pool, ezETH garnered over $2.4 million in net inflows, appealing to investors seeking both staking and liquidity. aEthWBTC ($1,398,530): Offering exposure to both Bitcoin and Ethereum through a single token, aEthWBTC saw net inflows exceeding $1.4 million. stETH ($1,178,249): As Lido Staked Ether, stETH combines staking with liquidity, drawing net inflows surpassing $1.1 million. FTM (Fantom) ($72,113): Noted for its high transaction speed and low fees, Fantom attracted over $72,000 in net investments. VEGA ($69,432): Vega Protocol, a decentralized derivatives…
Filed under: News - @ June 23, 2024 1:16 pm