Research Summary
This report centers on the Smart Money accumulation of DMT on Arbitrum. It underscores the inflows of $96k within the last 24 hours and a cumulative net inflow of $230k over the previous week. The report classifies DMT under the ‘gamblefi’ narrative and highlights its role as the primary asset for Dream Machine games, utilized for fees and rewards. The current trends in the token’s value are also mentioned.
Actionable Insights
- DMT Accumulation: There has been significant Smart Money accumulation of DMT on Arbitrum, with notable inflows in the past week.
- Gamblefi Narrative: DMT is part of the ‘gamblefi’ category, and its trends may be relevant for traders interested in this narrative.
- Token Value Trends: DMT’s value has seen a decrease, down 10% today and 15% from its previous values, which may influence investment decisions.
