Market Update 24H 📊 Bearish sentiment has intensified 🔺compared to previous days, with trading volume seeing a noticeable increase 📈. However, some tokens have caught the attention of Whales, Smart Money, and Smart DEX Traders. While this activity isn’t widespread or aggressive yet, it’s slightly more evident than yesterday. A prime example is the strategic moves by SDTs to maximize profits and minimize losses. For instance, certain wallets sold $LINK at $25 and re-accumulated at $21.x. Perhaps some of you followed a similar strategy?
Market Update 24H The overall sentiment remains bearish🔺, with caution turning more evident compared to 6-7 days ago, and trading volumes now notably larger. 🐳 Whales, leveraging their wealth and long-term holding capability, have started DCAing some tokens with significant volume (DEX purchases exceeding $1M are considered large). 🧐 From iCrypto’s perspective, we’d increase our DCA activity when most of our tracked wallet groups aggressively DCA into multiple tokens with substantial volume. For now, that moment hasn’t arrived yet! ⚠️
🔍 Quick Catchup on $WLD Figure 1: Smart Dex Traders (SDTs) sold at $3.8. Some SDTs have returned to buy, but overall, most have not come back yet. If you’re trading short-term, you might want to keep an eye on the SDTs. Figure 2 : Some Whales exited the market at $3.9. A few seem to have a mid-term view and are starting to accumulate. However, at the current price of $2.4 today, we haven’t seen anyone buying more yet.
Whale Insights from Stablecoin Balances Image 1: 🔼Whales are increasing their stablecoin holdings, surging 31% as of Dec 11. Possible reasons: - ✔️ Selling coins on CEXs and withdrawing to wallets (see Image 2) - ✔️ Swapping coins for stablecoins on DEXs (Insignificant per CVD data) - ❓Depositing fiat into crypto? Image 2: iCrypto categorizes whales as: - Type A ($1–$10M): Frequently move stablecoins to CEXs, driven by FOMO. - Type B ($10–$100M): Agile and market-responsive ❤️ - Type C (≥$100M): Have been withdrawing stablecoins to their wallets for storage since Nov 👍. This suggests they sold coins during the recent market rally and might be long-term holders. What about you? What insights do you have about whale behavior? Let’s share perspectives and uncover more together!
» OVERALL: 1️⃣ No signs of strong bullish sentiment like early November. Fear remains dominant for the 4th consecutive day ⚠️ . Some impatient wallets are starting to bottom-fish. 2️⃣ Caution levels: Smart Money (most cautious) > Whales > Smart DEX Traders (most impatient).
» DETAILS:
🐳 Whales: Similar caution as SM but slightly more bullish. Key moves include: accumulated $BEAMX : $1.4M, $ONDO : $1.5M; Smaller buys (~$100K–$200k) in $NEIRO , $PEPE , $RLB.
😎 Smart DEX Traders (SDT): Most active on DEXs, engaging in both long-term DCA and short-term trades. In the past 6H: accumulated BEAM: $1.2M, $JASMY: $0.5M; Smaller allocations (~$100K–$200k) in $WLD, $PRIME, $RNDR, etc.
Grayscale's Decentralized AI Fund focuses its capital flow on three top projects: $NEAR , $TAO , and $FIL , with the top two positions alternating. Currently, NEAR remains in the top spot.
This fund likely contains the AI projects that many are most interested in. However, the Grayscale Decentralized AI Fund is not yet a standout product and will require more time to prove itself. Over the past month, Grayscale's portfolio growth has included: $XRP, $MANA, $LINK, $AVAX, $BAT, $FIL , $ZEC
Grayscale's product lifecycle comprises four stages, with several assets mentioned above already in stages 2 and 3. That said, the fund’s performance has been remarkable.
$XRP has had a double boost with the launch of the Grayscale XRP Trust and the additional support from former President Trump’s influence.
The rise in Grayscale’s portfolio, primarily driven by altcoins, could be seen as a signal of an altcoin super cycle (alt SS), given that its price performance has outpaced Bitcoin—a concept tied to the Alt SS Index
In the last hour, DOLPHIN 0x89188de1eae4bccf97973e05ded9949362e376c1 executed a Negative DCA strategy for PEPE on Etherem, buying $23.2K at a price of $0.0(4)197 • Realized PnL -$24.4K • Realized ROI -33.18%
In the last hour, 0xff8ba4d1fc3762f6154cc942ccf30049a2a0cec6 executed a Negative DCA strategy for $EIGEN on Ethereum, buying $179.3K at a price of $2.6 • Realized PnL -$9.0K • Realized ROI -0.32% • Unrealized PnL -$228.8K
All the tokens we mentioned in this study performed better, earlier, and more steadily than the market. Is the reason because Whales and Smart Money are always smarter and ahead of the market?
$RENDER $ANKR $STORJ
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DataFi - Onchain Research
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Cash Flow of Whales and Smart Money in Decentralized AI and DePIN Amid Market Corrections
Analyzing Cash Flow in Promising Tokens $RENDER , $ANKR , $AIOZ , $STORJ I, $ATH … Amidst Recent Market Corrections in Decentralized AI and DePIN This report explores the potential of decentralized AI infrastructure, termed "DePIN" (Decentralized Physical Infrastructure Networks), as a contender to Big Tech's control over data and computation. It highlights how AI could reshape economic power structures, focusing on data and computation as key drivers. Additionally, it analyzes the cash flow patterns of Whales and Smart Money over the past week, emphasizing their investments in promising DePIN tokens and revealing insights into the current market dynamics. Part 1: Analysis of Decentralized AI Infrastructure and DePIN 1. Disrupting Big Tech's Control Big Tech firms maintain dominance through monopolies on data, compute, and AI talent.Decentralized infrastructure could democratize access to these resources, enabling broader participation in AI development and deployment. 2. AI's Impact on Economic Structures AI shifts economic power from labor to data and compute.Potential solutions include redistributive democratic socialism or a digital renaissance fostering universally accessible compute and data rights. 3. GPU Marketplaces and Distributed Training Decentralized GPU marketplaces, like Render Network and Aethir, provide alternatives to centralized cloud services.Distributed training, though challenging, is gaining traction with projects like Gensyn and Prime Intellect, focusing on democratizing AI training through decentralized infrastructure. 4. Synthetic Data and AI Development Synthetic data helps overcome data shortages in AI model training, offering a scalable alternative to limited public datasets. 📌Highlighted DePIN Projects 1. Render Network Targets creatives and designers by providing cost-effective rendering solutions through a decentralized network of GPUs.Critically assessed for market size and valuation, with potential in the AR/VR and real-time rendering markets. 2. Aethir and @ionet Focus on co-located, enterprise-grade hardware for decentralized compute services.Aethir aims to dominate cloud gaming and rendering, while @ionet emphasizes GPU marketplaces and dynamic task scheduling. 3. DataDAOs Emerging as decentralized solutions for managing and monetizing data, spanning various sectors like healthcare, finance, and mapping.Examples include Hivemapper for geospatial data and WeatherXM for weather data collection. 4. Filecoin, Arweave, and Akash These projects are expanding their capabilities to include compute and AI services.The convergence of decentralized storage and compute solutions highlights the competitive landscape in DePIN.
📌 Challenges and Opportunities 1. Scalability and Adoption DePIN projects must overcome scalability issues and gain traction in their respective markets.Regulatory challenges and market competition with centralized incumbents remain significant hurdles. 2. Infrastructure Evolution The future of DePIN involves integrating compute, storage, and AI services to build a comprehensive decentralized infrastructure.Projects like 0g are pushing the boundaries of on-chain data throughput to support high-performance applications. 3. Digital Liberalism The report argues for a shift towards incentivizing broad participation in data and compute markets.By enabling decentralized ownership and contribution, DePIN could redefine economic engagement in the AI-driven future.
📌 Conclusion The DePIN landscape is rich with innovation but faces challenges in achieving mainstream adoption. As AI continues to reshape industries, decentralized infrastructure offers a compelling vision for democratizing access to critical resources, fostering a more inclusive digital economy.
---------------------------- Part 2: Cash Flow Analysis of Whales and Smart Money Over the Past Week in Depin Tokens on Ethereum 🐳 WHALE Activity Over 7 Days: The top projects held by whales in the past week are RNDR @rendernetwork >> ANKR @ankr >> AIOZ @AIOZNetwork >> STOJI.@storj $RNDR: $343,905,689, with an increase of $15,985,191 (up 5% in token value despite a 10% market correction over the past week). $ANKR: Whales hold $103,380,133 (an increase of $655,000 in holdings despite a 15% price drop). $AIOZ: Whales are holding $83,068,793 (an increase of $1 million while the price dropped by 18.5%).$STORI: Whales are holding $72,619,571 (no additional accumulation, sold about $5 million and only repurchased $2 million recently).
Despite market corrections, $RNDR & $ANKR has demonstrated resilience with increased whale accumulation, signaling confidence among large investors. The recent movements indicate a strategic interest in RNDR & ANKR as a vital component of the decentralized future. Additionally, two projects, ATH @AethirCloud and LPT @Livepeer, have seen significant purchases: $ATH(@AethirCloud ): 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226b Current balance held by Whales is $37,782,331, with an additional purchase of $1,038,421 (up 3%). Smart Money is currently holding $3,492,258 with no signs of taking profits.$LPT(@Livepeer): 0x58b6a8a3302369daec383334672404ee733ab239 $31,489,967 held by whales, with an additional purchase of $2,388,833 (up 7.4%).
💰SMART MONEY 7D: Over the past week, Smart Money has become less bullish on Depin categories but has still increased its holdings significantly in two tokens, $RNDR and $GLM. Increased $RNDR accumulation by an additional $232,982 USDT, now holding $1,367,564 (up 16.9%).Purchased $GLM (@golemproject) for $22,000 (0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429), which they had never held before.
There has been action to start buying into two tokens: XYO (@OfficialXYO ): Purchase a new amount $27,246 - 0x55296f69f40ea6d20e478533c15a6b08b654e758 (Market Cap: $66M)OPSEC (@OpSecCloud ): Purchase a new amount $20,655 - 0x6a7eff1e2c355ad6eb91bebb5ded49257f3fed98 (Market Cap: $700K) with 55K followers on X and active social marketing.
This report is based on Pro+ data from @iCryptoAI. If you're interested in a
specific token, we will conduct an in-depth analysis of its on-chain data and upcoming potential in the next analysis.
Smart DEX Traders on #Ethereum chain are move actively buying than ever over the last 1 year? After the #election, we quickly track daily-recorded number of buy and sell trades on Ethereum chain of iCrypto's SDT since July, 2023. Some takes: - Difference of Buys and Sells (Buy Txs minus Sell Txs) and their 7D averages turned positive and have risen non-stop since May 11, 2024. - SDT continuously increases their number of buy txs, although $ETH are still going sideways in monthly time frame since August, even after major corrections of ETH after the previous bull run. This could reflect: - Their growing bullish sentiment compared to the previous bull run. - On-chain Ethereum-eco tokens are attracting their money flows. However, is this enough to deny negative comments on Ethereum's chain? What is your opinion?
❗️[URGENT] Amid $BTC and #Election FOMO, what are Whales currently holding in their Ethereum wallets? In just few minutes, we quickly tracked our iCrypto Whales portfolio allocation: - On $ETH chain. - Whales are EOA wallets (non-bot) holding +$1M worth of assets. - Stables and derivatives are included.
Market Predictions Amid Pre-Election Fears: What Scenarios Await BTC and Altcoins?
As the 2024 U.S. presidential election approaches, we’re bracing for significant volatility in the markets. The election is generating uncertainty, leading to noticeable price drops. Here’s a detailed analysis of the current situation and what to expect after the election, with a focus on the cryptocurrency market. Pre-Election Market Dynamics 📌Equities and Crypto Pullbacks: Recent sessions have seen a decline in risk assets, primarily due to traders shifting to a defensive mode and taking prof
Cash Flow of Whales and Smart Money in Decentralized AI and DePIN Amid Market Corrections
Analyzing Cash Flow in Promising Tokens $RENDER , $ANKR , $AIOZ , $STORJ I, $ATH … Amidst Recent Market Corrections in Decentralized AI and DePIN This report explores the potential of decentralized AI infrastructure, termed "DePIN" (Decentralized Physical Infrastructure Networks), as a contender to Big Tech's control over data and computation. It highlights how AI could reshape economic power structures, focusing on data and computation as key drivers. Additionally, it analyzes the cash flow pa
🚨$wQUIL - Re-Accumulation by Smart Dex Traders (SDTs) and Smart Money (SM) $wQUIL is one of the top tokens accumulated by Smart Money and is also a Gem of Smart Dex Traders. In the past 2 days, SDTs have bought 12.14M $wQUIL ($1.21M), while SM has purchased lower volume 2.91M $wQUIL ($366.7K). The current price is $0.1146 token on #Ethereum✅ 0x8143182a775c54578c8b7b3ef77982498866945d
AI & Crypto: From Novelty to the Future of DeFi. Analyzing Onchain Sentiment of Key Projects
1. Background and the Tech Race Between AI and Blockchain 21st-century tech shifts: AI and blockchain are reshaping communication, work, and asset ownership, each bringing transformative changes. AI dominance: Major tech giants (Google, Microsoft, Meta, Amazon) are racing to lead in AI, with vast investments in infrastructure and models, centralizing power and resources. Blockchain’s decentralization: Blockchain opposes this centralization, offering transparency and decentralized ownership. Futu
The Big Picture of 2024 Narratives – Which Token or Narrative Stands Out to You?
We’ve seen trends around $SOL $TON $TRON $BASE $SUI ....
Do you think $BNB could be the next ecosystem to thrive, with a breakthrough driven by SocialFi from Square and a seamless flow from CMC through : $information >> insight >> community >> DeFi >> Financial services?
Here’s why I believe so, based on what Binance is building:
1. As the market expands, competition intensifies. Sustainable growth through strong connections is a way to counter competitive threats. 2. Binance is always ready with the pieces of its ecosystem, investing heavily in narratives to stay ahead of trends. 3. It’s not about following trends just for the sake of it; Binance holds a position of stability rather than chasing short-term trends like Meme tokens. However, keep in mind that if a Meme token catches the community’s attention with high volume, Binance finds ways to make it accessible. 4. Social + Finance focuses on credit and its correlation with assets, a key factor for liquidity growth. 5. Payment + Wallet integration will help bring Binance into real, daily use.
This could be a revolution. @CZ @Richard Teng , could you share more ideas and Binance’s vision with the community?