Pepe Coin Up 25%: Data Reveals How Much Smart Money Has Been Accumulating
Portfolio Pulse from Murtuza Merchant
Smart money investors have been actively accumulating meme coins, particularly Pepe (PEPE) and Blur (BLUR), according to Nansen's on-chain data. Pepe has seen a 25% increase in its trading price over the past 24 hours and a 630% increase over the past month, while Blur has experienced a 3% rise in the same period and a 15% increase over the last 30 days. Ethereum (ETH) also saw significant activity, ranking fourth in Smart Money transactions. This trend underscores growing investor interest in altcoins, suggesting a positive outlook for these digital assets.
March 08, 2024 | 2:56 pm
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POSITIVE IMPACT
Blur (BLUR) has shown resilience with a 3% rise in its 24-hour trading price to $0.6713, and a 15% increase over the last 30 days, indicating a steady accumulation by smart money.
The resilience and steady price increase of Blur (BLUR), with a 3% rise in the past 24 hours and a 15% increase over the past month, indicate a positive sentiment among smart money investors, suggesting a favorable short-term impact.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Ethereum (ETH) secured the fourth position in Smart Money transactions with approximately $4.72 million, leading to a substantial $277.94 million in inflows, highlighting its strong position in the market.
Ethereum's (ETH) significant activity in Smart Money transactions and substantial inflows underscore its strong market position and investor confidence, suggesting a positive short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 85
POSITIVE IMPACT
Pepe (PEPE) has seen a significant increase in price, with a 25% rise in the past 24 hours and a 630% increase over the past month, indicating strong investor interest and accumulation by smart money.
The substantial price increase of Pepe (PEPE) over the past month, particularly the 25% rise in the last 24 hours, reflects strong investor confidence and active accumulation by experienced investors, suggesting a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90