Smart Money Weekly (12/11/23)

Gm anon. Another edition of free weekly research, diving into the narratives, tokens and new launches that have been smart money favorites over the past week. We will also be publishing our next “New Tokens to Watch” series later today, where we have flagged big winners such as HYPR (7x), WEBAI (10x), BSSB (3x+ at peak), AEGIS (3x), UPAI (2x), PALM (3x at peak), and MBX (2x). If you don’t have the time to be online in crypto 24/7, the New Tokens series is an easy way to get quick digestible info on the latest token launches that are worth checking out.

chainEDGE Weekly Report 12/11/23
All data below is from chainEDGE:

Based on the number of $10k+ holders, smart money favorites are now BANANA, GEC, OLAS, BITCOIN, AEGIS and new launch MND. Each now has over 10 wallets holding $10k+ (ie conviction holdings).

Within this group, GEC is an example of continued smart accumulation, with tokens held by smart money increasing 36% over the past week (and despite the token doubling at one point during the week). The top 4 smart holders have average PnL of ~$400k over the past 6 months, with big winners on Real Smurf Cat, DORKL, PEPE, GROK and SPX.

The rest of the tokens within this top conviction holding bucket have seen holdings roughly flat to down. In terms of newer tokens, MND has been very kind to smart money with $263k of realized gains thus far, and still holding onto $731k of the token currently. Drilling down further, the AI narrative (best narrative imo) has smart money holdings across the following:

• OLAS: $1.25mm smart holdings or 0.43% of market cap

• GROK: $1.1mm or 1.5% of market cap

• 0x0: $751k or 0.71% of market cap

• MND: $733k or 2% of market cap

• AEGIS: $714k or 3.3% of market cap

• TAO: $447k

• IMGNAI: $417k (mostly 1 wallet) or 1.2% of market cap

• NEBULA: $321k or 6.4% of market cap

• AGRS: $192k or 0.076% of market cap

• DMIND: $172k or 2% of market cap

Within this obviously NEBULA screens as an outlier at 6% of market cap held by smart money. We’ve also witnessed a big uptick on cross chain smart money bids, with leaders being:

• EMP (arb): +$62k of net swap inflows

• HUSKY (avax): +$33k

• XPET (arb): +$31k

• GOOD (arb): +$19k

In terms of current holdings on non-ETH chains, some notable data points include:

• BEAR (avax) with $109k of smart holdings across 11 wallets

• GENE (arb) with $134k / 8

• WINR (arb) with $48k / 4

• EMP (arb) with $15k / 4

• PENDLE with $733k / 3

• HUSKY (avax) with $55k / 3

• GOOD (arb) with $37k / 3

• DMT (arb) with $27k / 3

• COQ with $26k / 3

Tokens with the strongest 7day accumulation have been TREE, RBN, RBX, BLUR, RLB, DIONE and GEC, each with over $100k of net swap inflows.

This wraps up this week’s chainEDGE smart money report.   Try out the platform today, before prices increase at the end of the month (and before chainEDGE 3.0 is rolled out).