This article has 2 parts: Smart Money's review and Market Insight 👇Let's dive in 🔥
The top 10 tokens that Smart Money has been accumulating over the past week are:
1. $CRV: $10M
2. $UNI: $2.6M
3. $LINK: $2.2M
4. $TAO: $1.9M
5. $MAGA: $1.8M
6. $GALA: $536.0K
7. $GROK: $360.2K
8. $DMT: $234.6K
9. $PNDC: $205.4K
10. $BIT: $202.7K
In the medium to short-term outlook, it can be seen that Smart Money's accumulation has gradually shifted towards tokens in the #DeFi, #AI and #GameFi sectors. The amount of Meme token accumulation has decreased compared to the previous week (7 —> 5 —> 3), however $MAGA has been seeing sustained accumulation over the weeks. 🤩
➡️ View the monthly token accumulation trends at iCrypto.ai 📌
———-
Key highlights from the past week that you shouldn't miss 👨💻
$LRC - Loopring was hacked for over $5M
$PRIME - The Echelon Foundation postponed the token unlock by 1 year
$FTM - Fantom announced the Sonic v2 upgrade, aiming for a $S airdrop
$GNO - Gnosis hopes to raise up to $40M in funding
$UNI - Uniswap Labs hired a former Coinbase executive as LDO
$TRUF - Truflation launched a staking feature
$ZK - ZkSync airdrop led to negative reactions from farming communities, #ZKSCAM trended, internal tensions at ZkSync in China
$IO listed on June 11 and $ATH listed on June 12. 2 #DePIN tokens saw strong growth, being top gainers of the week
$ASI - The merger of $FET, $OCEAN, $AGIX was delayed to July 15, prices reacted negatively
$LDO - Lido Finance launched Re-staking and partnered with Symbiotic and Mellow Finance
$SSV - SSV DAO proposed $4.5M in agreements to enhance liquidity
$LEVER - LeverFi price dropped 45% unexpectedly. $HIGH
$BTC price dropped before CPI, recovered slightly after; continued downtrend after FOMC
$TRUMP, $MAGA - Donald Trump wants remaining Bitcoin mining to be done in the US
$BODEN - Joe Biden also said he will accept crypto
$INJ - Injective announced a PayPal integration
$ENA - Ethena Labs to reveal staking and tokenomics on June 17
$CRV - CurveDAO token dumped 35%, founder Michael's collateralized loan was liquidated
$BTC - Michael Saylor raised $700M to buy more Bitcoin. #MicroStrategy
$MANTA - Manta Network launched a $50M ecosystem development fund
$TON - Ton Blockchain reached $500M TVL, hit new ATH of $8
$ETH - Ethereum ETF may launch on July 2 (SEC), briefly dipped below $3400 on the midnight of June 14
$MASK - Launched staking program, allowing users to get reward of $RSS3 and $TON
(powered by iCrypto.ai)
———
How was your past week? Share with iCrypto in the comments 😎😘
Enjoy the weekend with your family and friends, buddies! 🍷