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PepeCoin and Blur among the altcoins enticing Smart Money: Nansen data

By:
on Mar 7, 2024
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  • Nansen revealed PEPE & BLUR as among the tokens smart money wallets are acquiring.
  • PepeCoin and Blur recorded significant price surges last month, matching these accumulations.
  • The list has triggered optimism on the altcoin’s future price movements.

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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.

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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.

Nansen’s list

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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.

PEPE and BLUR price outlook

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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.

PEPE 30D Chart on Coinmarketcap

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. 

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