Oh dear, oh dear, oh dear! It seems the smart money has gone utterly, completely, and totally bonkers!
Just when you thought the world was going to be all about Trump tokens, the big players have decided to pull the plug and jump onto the AI bandwagon. It’s like a game of musical chairs, but with cryptocurrencies and much more confusing.
The Crypto Sector’s Most Baffling Trend Shift
Over the weekend, investors were like a bunch of excited schoolchildren, all clamoring to get their hands on Trump-related tokens. But now, it seems they’ve lost interest faster than a child loses interest in a toy after five minutes.
“Smart Money spent the weekend chasing Trump-related tokens during the inauguration buzz. Now it seems the narrative is sliding back to artificial intelligence,” Nansen said on Twitter.
And what exactly is smart money, you ask? Well, it’s the big boys and girls who make all the money moves. They’re like the grown-ups in a room full of children, always one step ahead of the game.
According to Nansen, the smart money traders have exited their TRUMP positions, and it looks like they’re not coming back. The price of the meme coin has dropped by over 24% in the past 24 hours, and it’s now trading at a measly $40.
It’s a bit like a game of musical chairs, but instead of chairs, it’s cryptocurrencies, and instead of music, it’s the sound of investors scrambling to get in on the next big thing.
But what’s next? Will they move on to something else? Perhaps something even more exciting? Only time will tell, but one thing’s for sure: the crypto sector is always full of surprises.
Among the AI tokens, AI16Z, ARC, SWARMS, and ZEREBRO saw positive flows from smart money over the past 24 hours. If the trend continues, AI tokens can soon outperform meme coins. It’s a bit like a game of “keep away,” but with cryptocurrencies and much more complicated.
The latest developments come as AI tokens and AI agent tokens have been garnering attention in the crypto space. AI tokens even experienced a surge last week following Franklin Templeton’s predictions on AI agents.
And so, the game continues. Will the smart money stick with AI tokens, or will they move on to something else? Only time will tell, but one thing’s for sure: it’s going to be a wild ride.
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2025-01-21 13:34