In the crypto sector, trends can change overnight, and the smart money is always on the lookout for the next big opportunity.
Over the weekend, many investors flocked to Trump-related tokens, hoping to capitalize on the buzz surrounding the inauguration. However, just as quickly as the Trump token frenzy took hold, the focus appears to be shifting back to artificial intelligence (AI).
Crypto Trends: Smart Money Exits TRUMP Tokens for AI Moves
As the inaugural buzz begins to fade and the news cycle moves on, so too does the attention of many cryptocurrency investors. According to the analytics platform Nansen, smart money traders are now looking at AI tokens.
“Smart Money spent the weekend chasing Trump-related tokens during the inauguration buzz. Now it seems the narrative is sliding back to artificial intelligence,” Nansen said on Twitter.
Smart money often refers to large investors or firms that move in and out of the market based on insights, research, or trends. They can influence the market more significantly than smaller, less experienced traders.
According to data from Nansen, the smart money traders have exited their TRUMP positions. After the peak accumulation recorded on January 18, it can be seen that traders have slowly pulled out of TRUMP.
The price of the meme coin dropped by over 24% over the past 24 hours as well. TRUMP was trading at $40 at press time after crossing $70 earlier this week.
In the lead-up to President Donald Trump’s inauguration, meme coins, such as the TRUMP, MELANIA, and others, quickly gained traction. With the attention surrounding the political event, it was no surprise that investors seized the opportunity to invest in tokens that capitalized on the Trump brand.
Now, investors have shifted their attention to AI tokens, as is clear from the Nansen dashboard.
Among the AI tokens, AI16Z, ARC, SWARMS, and ZEREBRO saw positive flows from smart money over the past 24 hours. If the trend continues, AI tokens can soon outperform meme coins. It is anticipated that more investors will follow the trades of smart money.
The latest developments come as AI tokens and AI agent tokens have been garnering attention in the crypto space. AI tokens even experienced a surge last week following Franklin Templeton’s predictions on AI agents.
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