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According to the latest data disclosed, the list of altcoins favored by smart money, in other words, large investors, features Shiba Inu (SHIB), Gala (GALA), and Chiliz (CHZ) at the top. The smart money inflows list announced on December 14th placed SHIB, GALA, and CHZ at the top. Among others, these particular altcoins, which are in the top 5 of the list, seem to have gathered significant interest from cryptocurrency traders and investors worldwide.
Three Altcoins Drawing Smart Money: GALA, CHZ, and SHIB
On-chain data provider Nansen.AI recently reported that GALA, CHZ, and SHIB have climbed to the top of the smart money inflows list. These three altcoins, operating on the Ethereum Blockchain, were ranked 3rd, 4th, and 5th on the list at the time of writing.
Ranked 3rd on the list, GALA saw a smart money inflow of 1.56 million dollars in the last 24 hours, as well as an exchange inflow of 288.48 thousand dollars. Following GALA, CHZ witnessed a smart money inflow of 1.33 million dollars in the last 24 hours. In the same time frame, CHZ also had an exchange inflow of 161.62 thousand dollars. SHIB, sitting at the 5th spot on the list, experienced a smart money inflow of 1.22 million dollars, along with an exchange outflow of 2.12 million dollars.
Surprisingly, the placement of these altcoins at the top of the list reflects the confidence among experienced cryptocurrency market participants and demonstrates the trust investors and traders have in these altcoins.
Current Status of SHIB, GALA, and CHZ
Shiba Inu‘s SHIB was trading at 0.000009839 dollars, down 3.20% in the last 24 hours at the time this article was prepared. This decrease was accompanied by a weekly drop of 2.69%. GALA’s price also changed hands at 0.03093 dollars, down 2.36% in the last 24 hours. The price drop of the altcoin today came despite the smart money inflow.
The price of Chiliz’s CHZ was also down 0.80% at 0.08487 dollars in the last 24 hours. CHZ briefly moved upward today but failed to maintain this trend and fell back down.
