Smart Money is Flowing into FTM Coin and Those Cryptos! Here is the list

Although the cryptocurrency market has been quite volatile lately, long-term investors and experienced investors called “smart money” continue to maintain their faith in Ethereum. According to Nansen’s latest data, smart money investors have shown great interest in certain tokens such as FTM coin on the Ethereum network in the last 24 hours. In this article, we will examine these tokens and analyze the preferences of the smart money in the Ethereum ecosystem.

Be careful with FTM coin and those cryptos

According to Nansen’s data, the tokens most purchased by “smart money” on the Ethereum network in the last 24 hours are:

• WETH ($3,369,284): Ether wrapped in Ethereum is an asset widely used in decentralized applications (dApps). With a net inflow of more than 3.3 million dollars in the last 24 hours, it is one of the tokens that attracts the attention of smart money.
• aEthwstETH ($3,275,171): wstETH is a derivative of Lido Staked Ether (stETH) and trades in a decentralized liquidity pool. Liquidity and staking advantages attract investors, with net inflows of more than $3.2 million in the last 24 hours.
• ezETH ($2,433,436): ezETH by Rocket Pool is another liquid token option for ETH staking. With a net inflow of more than $2.4 million in the last 24 hours, it is an attractive option for investors looking for staking and liquidity.
• aEthWBTC ($1,398,530): A derivative of WBTC (Bitcoin wrapped in the Ethereum network), aEthWBTC offers investors exposure to both Bitcoin and Ethereum with a single token. It is preferred by investors looking for diversification, with a net inflow of more than $1.4 million in the last 24 hours.

• stETH ($1,178,249): Lido Staked Ether (stETH) is a token that allows you to contribute ETH2 by staking Ethereum and get a liquid asset at the same time. With a net inflow of more than $1.1 million in the last 24 hours, it is an attractive option for investors looking for staking and liquidity.
• FTM (Phantom) ($72,113): Fantom is a Layer 1 blockchain that stands out with its high transaction speed and low transaction prices. It is one of the tokens attracting the attention of smart money, with a net inflow of more than 72,000 USD in the last 24 hours.
• VEGA ($72,113): Vega Protocol is a decentralized derivatives exchange. It is one of the tokens attracting the attention of smart money, with a net inflow of more than 69,000 USD in the last 24 hours.
• MAVIA ($65,195): Heroes of Mavia is a strategy game that uses the play-to-earn model. It is one of the tokens attracting the attention of smart money, with a net inflow of more than 65,000 USD in the last 24 hours.

What is the meaning of the data?

These data only show net inflows and outflows in the last 24 hours. It is important to do detailed research before investing. Remember that smart money investors’ past choices do not guarantee future performance. The cryptocurrency market can be quite risky. Consider your risk tolerance before investing. Nansen’s information provides information about tokens that have attracted the attention of smart money investors on the Ethereum network in the last 24 hours. While this information can be a starting point for investors, it is important to conduct detailed research and consider the risks before investing.