Smart Investors Are Buying From DYDX And ​​7 Coins: They Are Withdrawing From The Stock Exchange!

In the dynamic world of cryptocurrency, Smart Money’s 24-hour capital inflow on the Ethereum network is closely monitored, revealing interesting trends and important transactions. Among these, DYDX attracted the most attention. Because large investors outside this “smart money” metric have also recently traded DYDX. Here are the details…

Smart money is active on the Ethereum network

Nansen 2 data revealed 24-hour capital inflows on the Ethereum network for Smart Money and provided insights into various assets. First of all, there is a transfer of approximately $117 million in Ethereum. ETH is currently trading at $1,974, reflecting a 24-hour decline of 3.95%. If we look at Wrapped Bitcoin, there is approximately $944 thousand of capital. For DYDX, there is approximately $5.63 million in capital flows. DYDX is currently trading at $3.84 and has experienced a notable 24-hour increase of 29.86%.

Maker has approximately $3.89 million in capital. It is currently trading at $1,380 and has experienced a 24-hour decline of 0.72%. MATIC has approximately $3.46 million in capital. The altcoin is currently trading at $0.9421 with a 24-hour increase of 5.82%. Finally, LINK has an inflow of $3.32 million. LINK is currently changing hands at $14, a decline of 3 percent. CHZ, on the other hand, changes hands at $0.0766 with a smart money inflow of $3.01 million. This data provides a comprehensive overview of Smart Money’s recent activities and its impact on the market.

Whale transferred DYDX to Kraken

On the other hand; Lookonchain reported a significant whale transaction involving DYDX on November 15. A whale transferred 1 million DYDX to Kraken, worth approximately US$4 million. If Whale decides to sell these DYDX assets, it will make a profit of approximately $1.5 million. As of now, the whale address still holds 1.03 million DYDX, equivalent to approximately $4.17 million.

Wintermute withdraws its coins

Also today, Scopescan monitoring detected Wintermute’s strategic movements. The organization has withdrawn 1 million DYDX (approximately $3.7 million) from Bybit, OKX and Binance in the last 24 hours. It is not known what is behind the company’s withdrawal of coins. The majority think this is a portfolio diversification. As a result, the cryptocurrency community follows these investors because they know that Smart Money impacts assets. It also continues to closely monitor market movements today, November 15, 2023, when whales make strategic transactions.