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Blockchain firm Nansen unveiled a vital on-chain insight involving Smart Money addresses, confirming that PepeCoin (PEPE) and Blur (BLUR) are among the top assets that saw significant traction among cryptocurrency traders and global investors.

The updates catalyzed massive optimism for the mentioned crypto across the digital assets landscape, suggesting stable price movements for the highlighted alts in the upcoming sessions.

The data comprised some of the leading assets Smart Money purchased on the Ether blockchain. Ethereum ranked 4th, with Smart Money acquiring ETH worth around $4.72M. The sale netted $277.94M in inflows.

Blur recorded $1.17M in net sales, ranking 6th with $36.36M in exchange outflow. Meanwhile, PepeCoin took the 9th spot, netting $1.09M in sales and $5.42M in inflows.

That comes as the crypto market displayed a massive bullish comeback over the past month, with Ethereum and PepeCoin recording astronomical surges on their 30-day timeframes. Also, Blur saw substantial monthly gains, though with some volatility.

Other top altcoins in the list included Ethereum, AAVE, and Curve.

PepeCoin exhibited bearish tendencies today, losing 16% within the previous day to hover at $0.000006801. However, that could be normal in the crypto space, considering PEPE’s 630% surge over the past month, matching with Smart Money purchases.

Meanwhile, BLUR maintained uptrends on its 24-hour chart, up 3% to trade at $0.6713. While its 30-day surges could be a far cry compared to PEPE, the 15% monthly gains attracted attention as Blur noted volatility throughout last month.

Nevertheless, Nansen’s list confirms strengthened confidence in PEPE and BLUR’s future by experienced and seasoned cryptocurrency traders. 

The post PepeCoin and Blur among the altcoins enticing Smart Money: Nansen data appeared first on Invezz

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