Research Summary
The report from Onchain Wizard’s Cauldron provides an analysis of the latest trends in the cryptocurrency market, focusing on the tokens and new launches that have been favored by smart money over the past week. It also highlights the performance of various tokens, including BANANA, GEC, OLAS, BITCOIN, AEGIS, and MND, based on the number of $10k+ holders.
Key Takeaways
Smart Money Favorites
- Popular Tokens Among Smart Money: The report identifies BANANA, GEC, OLAS, BITCOIN, AEGIS, and MND as the current favorites among smart money, each having over 10 wallets holding $10k+.
- Smart Accumulation of GEC: GEC has seen a 36% increase in tokens held by smart money over the past week, despite the token doubling at one point during the week. The top 4 smart holders have an average PnL of ~$400k over the past six months.
- Performance of Newer Tokens: MND has been very beneficial to smart money, with $263k of realized gains so far, and still holding onto $731k of the token currently.
- AI Narrative: The AI narrative has smart money holdings across OLAS, GROK, 0x0, MND, AEGIS, TAO, IMGNAI, NEBULA, AGRS, and DMIND, with NEBULA being an outlier at 6% of market cap held by smart money.
- Strongest 7-day Accumulation: TREE, RBN, RBX, BLUR, RLB, DIONE, and GEC have seen the strongest 7-day accumulation, each with over $100k of net swap inflows.
Actionable Insights
- Monitor Smart Money Favorites: Keep an eye on the performance of BANANA, GEC, OLAS, BITCOIN, AEGIS, and MND, as they are currently favored by smart money.
- Consider the AI Narrative: The AI narrative is gaining traction among smart money, with significant holdings across various tokens. This trend may be worth exploring for potential growth opportunities.
- Track 7-day Accumulation: TREE, RBN, RBX, BLUR, RLB, DIONE, and GEC have seen strong 7-day accumulation. Monitoring these tokens could provide insights into market trends and potential growth areas.
