- SHIB, GALA, and CHZ have garnered attention in the broader crypto market by topping the list of smart money token inflows on Thursday.
- The emergence of SHIB, CHZ, and GALA at the top of the entry list coincided with a price decline experienced by the previously mentioned tokens.
- Shiba Inu (SHIB), currently ranked 5th, recorded a smart money inflow of $1.22 million and a $2.12 million exchange outflow since yesterday.
According to on-chain data, SHIB, CHZ, and GALA are starting to stand out in money flow data: How much inflow did each token experience?
SHIB, CHZ, and GALA Attracting Money Flow
SHIB, GALA, and CHZ have attracted attention in the broader crypto market by topping the list of smart money token inflows on Thursday. These tokens appear to have accumulated significant money inflows among the top 5 tokens on the list compared to other cryptocurrencies.
Additionally, when these tokens took the lead at the top of the list during a global crypto market rally, the confidence of traders in these cryptocurrencies increased, further strengthening the trust revolving around these tokens. However, the emergence of SHIB, CHZ, and GALA at the top of the list coincided with a price decline experienced by the previously mentioned tokens, leading to speculation within the broader crypto market.
Nansen, a platform that analyzes on-chain data, recently released a report placing GALA, CHZ, and SHIB at the top of the smart money token entry list. These tokens, operating on the Ethereum blockchain, were ranked 3rd, 4th, and 5th, respectively, at the time of writing.
Furthermore, Gala (GALA), positioned among the top 3 tokens on the list, stood out with a smart money inflow of $1.56 million and an exchange inflow of $288.48 thousand in the last 24 hours. Additionally, the Chiliz (CHZ) token that followed GALA recorded a smart money inflow of $1.33 million and an exchange inflow of $161.62 thousand within the last day.
Finally, Shiba Inu (SHIB), ranked 5th, recorded a smart money inflow of $1.22 million and an exchange outflow of $2.12 million since yesterday. The emergence of these tokens at the top of the list seems to be a reflection of trust among experienced crypto market enthusiasts, emphasizing the confidence of investors and traders in these tokens.
SHIB, GALA, and CHZ Price Analysis
As of the time of writing, Shiba Inu’s price reached $0.000009839 with a 3.20% decrease. Following this decline, a 2.69% weekly decrease ensued, and this situation led to speculations about market sentiments following the recent appearance of the token at the top of the smart money token entry list. However, the drop in price despite the token’s recent appearance at the top of the list indicates dynamic market sentiments for the token.
Additionally, Gala’s price also experienced a 3.93% decline in the last 24 hours, trading at $0.03093 today. The price decrease recorded today contradicts GALA’s presence on the smart money token entry list. Meanwhile, Chiliz’s price depreciated to $0.08487 with a 0.80% decline. Although the token briefly rose today, the current decrease contrasts with the token’s appearance on the entry list.
