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Smart Money Wallets Show Growing Interest in Meme Tokens, AI, and DeFi Projects

2 days ago
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The focus of the cryptocurrencies is shifting to smart money. This is the money of big investors, institutions, and savvy traders.

And it’s still moving to promising tokens that show potential for growth. In the last 24 hours, we’ve seen some noteworth accumulations where these types of wallets have been investing in

— meme coins

— AI-based (token) innovations

— DeFi protocols

Where smart money is going right now does give us some indication of where it thinks future gains are likely to be found, at least in the coming months .

The Latest Accumulations: Meme Tokens, AI, and DeFi in Focus

Meme & Community Tokens: A Growing Narrative

Meme tokens have long been a popular entry point for speculative traders and investors looking for short-term gains driven by the community’s hype. In just a few hours, a number of meme coins have really been catching the attention of smart money wallets. So, what are these smart wallets up to? Not only have they been accumulating large stacks of meme tokens like $CHARLIE, $MOG, and $Truth, but they also seem rather confident in these community-driven projects.

– $CHARLIE: A new meme dog coin with a strong community push, $CHARLIE has caught the attention of investors looking to join the nascent meme coin market. Even though it has a relatively small market cap of $856k, three smart money wallets have accumulated a total of $35k worth of $CHARLIE.

Community figures like @KarolCryptoo_ shout the potential for $CHARLIE’s growth from the rooftops. And its recent surge in interest makes it seem like that potential is being realized.

Most importantly, if meme tokens are the hype around which the current crypto market revolves, then the $CHARLIE market is similarly poised for rapid growth.

– $MOG: Another meme token making waves is $MOG, which has been discussed by influencers like @MetaGorgonite as having serious growth prospects. Two wallets known for smart money recently picked up $MOG to the tune of $214k. MOG has a market cap of $171 million. As with all meme coins, $MOG is likely to see explosive price movement in the future, and that future could be closely tied to the new token’s ability to maintain community engagement (and capitalize on increasing demand in the space).

– $Truth: The biblical proverb “Buy the truth and sell it not” inspired the creation of $Truth, which is a token that has gained traction in the meme coin space among enthusiasts who believe in its potential for growth. Currently, $Truth has a market cap of just $256k, but it is seeing some smart contracts accumulate. Two wallets have now added $Truth to their collections, with the total amount purchased being around $17k. The appeal of $Truth has allegedly been boosted by the fact that some pretty visible figures in the crypto space are ardent supporters of the token.

AI & Tech Innovations: The Future of Decentralized Intelligence

The ascension of artificial intelligence (AI) in the blockchain realm has brought with it a wave of investment into AI-driven projects that are said to be pushing the cryptocurrency industry toward new innovations. In the last 24 hours, two of the tokens focused on AI have experienced not just buying but notable accumulation. Smart money seems to be moving into $ARC and $ACT.

• $ARC: Set up as a project that merges AI with blockchain for scalable solutions, $ARC has accumulated a smart money wallet that shelled out $160k for the token. With a $50 million market cap, the vision of combining AI rig technology with blockchain infrastructure makes $ARC an opportunity to invest in. The token’s recent growth has been powered by strengthening interest from the AI sector, with @arcdotfun as a main source of collectively shared information on the project’s progress. If $ARC can keep up with the pace of integrating innovative AI solutions into blockchain applications, it seems likely to come out the other side as a major player in the space.

– $ACT: A token centered on decentralized AI interactions, $ACT is another project that has attracted smart money investors. One wallet holds $60k worth of $ACT, with the token’s market cap sitting at $89 million. The project is aimed at creating decentralized apps driven by AI. So, unlike most crypto projects, which are looking at Web3 as a way to create solutions, the apps that $ACT is creating are already using AI to solve certain problems. This makes them far more valuable in the long run.

DeFi & Trading: The Quest for Efficiency and Protection

Decentralized finance (DeFi) remains a vital part of the cryptocurrency ecosystem. It holds the promise of making the trading of cryptocurrencies more efficient and less risky, thanks to smart protocols that once seemed science fiction but are now well within the realm of engineering.

Over the past 24 hours, two DeFi projects—$WTRX and $COW—have caught the attention of smart money. Both tokens have upticked in significant accumulation by smart wallets.

– $WTRX: Wrapped TRX ($WTRX) has seen the presence of increased activity, mainly on the SunSwap platform, which has drawn the attention of smart money investors. Two wallets have accumulated $33k worth of $WTRX, a token with a market cap of $402 million. As DeFi protocols gain a wider appeal and reach, $WTRX could serve a key role in the umbrella TRX ecosystem as an asset used to reach for pricing in the DeFi space. @CoinwatcherNews has supplied evidence. Despite its small market cap, $WTRX has been experiencing an uptick in transaction volume.

– $COW: CoW Protocol ($COW), famous for its unique swapping features and protection from miner-extractable value (MEV), is a DeFi project that’s been getting a lot of attention from smart money investors these days. Two wallets have accumulated $10k worth of $COW, which has a market cap of $117 million. The focus of the protocol on providing efficient and secure trading solutions pretty much distinguishes it within the DeFi space, as it’s really catering to users who are looking for a fair and transparent trading environment.

A Strategic Look at the Current Market

The current wave of investments into meme tokens, AI innovations, and DeFi protocols reflects a new trend of smart money wallets looking for exposure to projects with the community support or technological advancements that we once only saw in the early days of crypto. As with all new projects, these tokens will perform an important service to our market as they reveal whether their underlying narratives have any real substance or are simply the product of a speculative bubble.

At the moment, tokens such as $CHARLIE, $MOG, and $Truth represent the speculative aspects of meme coins. Conversely, $ARC and $ACT suggest that AI-driven blockchain ventures might soon emerge as the next new thing. Furthermore, $WTRX and $COW exhibit the growing attraction to decentralized trading solutions that can make transactions safer and more efficient.

Those investors eager to take advantage of these new trends should watch closely to see how these tokens do in the next few days. They’re signs of increasing interest from serious investors, which could mean rising prices in the short term.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/smart-money-wallets-show-growing-interest-in-meme-tokens-ai-and-defi-projects/