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Smart Money Moves: On-Chain Activity Reveals Shifting Dynamics in the Memecoin Market
In a recent snapshot of on-chain activity, it has become clear that the memecoin market is undergoing a significant shift in dynamics. With a net inflow of $928,000 and an influx of capital into FARTCOIN, POPCAT, PNUT, BONK, and WEN, investors are increasingly gravitating towards newer or resurgent tokens with higher potential for upside growth.
Notably, FARTCOIN dominated the inflows with a staggering $3.18 million in new investment, as it appears to be riding a wave of social media buzz and meme-driven hype. The token has now become a focal point of smart money participants who are relocating funds from positions that have peaked or stabilized into those viewed as having higher potential for growth.
POPCT
Source: https://nulltx.com/smart-money-moves-on-chain-activity-reveals-shifting-dynamics-in-the-memecoin-market/
