The focus of the cryptocurrencies is shifting to smart money

This is the money of big investors, institutions, and savvy traders. And it’s still moving to promising tokens that show potential for growth.

The crypto market continues to be a hot topic, especially with smart money shifting its focus to promising tokens. In the last 24 hours alone, some notable accumulations have been observed by these types of wallets.

Smart money is the money of big investors, institutions, and savvy traders who are known for making calculated moves and entering promising projects early. When these types of wallets are seen accumulating a token, it does give some indication of where future gains are likely to be found, at least in the coming months.

Latest Accumulations: Meme Tokens, AI, and DeFi in Focus

In the crypto realm, meme tokens have always been a popular entry point for traders and investors. As these tokens often go viral quickly, they tend to be targeted by those looking for short-term gains driven by the community’s hype.

In just a few hours, a number of meme coins have really been catching the attention of smart money wallets. It seems that these types of wallets are getting involved in both meme tokens and community-driven projects.

Some of the tokens that have seen notable accumulations from smart money wallets in the last 24 hours include:

• $CHARLIE: A new meme dog coin with a strong community push, $CHARLIE has caught the attention of investors looking to join the nascent meme coin market. It’s a new token that’s gaining traction. It’s also a token that three smart money wallets have accumulated to the tune of $35k.

The token has a relatively small market cap of $856k. It’s also a token that community figures like @KarolCryptoo_ shout the potential for growth from the rooftops. And its recent surge in interest makes it seem like that potential is being realized.

Most importantly, if meme tokens are the hype around which the current crypto market revolves, then the $CHARLIE market is similarly poised for rapid growth.

• $MOG: Another meme token making waves is $MOG, which has been discussed by influencers like @MetaGorgonite as having serious growth prospects. Two wallets known for smart money recently picked up $MOG to the tune of $214k. MOG has a market cap of $171 million. As with all meme coins, $MOG is likely to see explosive price movement in the future, and that future could be closely tied to the new token’s ability to maintain community engagement (and capitalize on increasing demand in the space).

• $Truth: The biblical proverb “Buy the truth and sell it not” inspired the creation of $Truth, which is a token that has gained traction in the meme coin space among enthusiasts who believe in its potential for growth. Currently, $Truth has a market cap of just $256k, but it is seeing some smart contracts accumulate. Two wallets have now added $Truth to their collections, with the total amount purchased being around $17k. The appeal of $Truth has allegedly been boosted by the fact that some pretty visible figures in the crypto space are ardent supporters of the token.

The ascension of artificial intelligence (AI) in the blockchain realm has brought with it a wave of investment into AI-driven projects that are said to be pushing the cryptocurrency industry toward new innovations.

In the last 24 hours, two of the tokens focused on AI have experienced not just buying but notable accumulation. Smart money seems to be moving into $ARC and $ACT.

• $ARC: Set up as a project that merges AI with blockchain for scalable solutions, $ARC has accumulated a smart money wallet that shelled out $160k for the token. With a $50 million market cap, the vision of combining AI rig technology with blockchain infrastructure makes $ARC an opportunity to invest in. The token’s recent growth has been powered by strengthening interest from the AI sector, with @arcdotfun as a main source of collectively shared information on the project’s progress. If $ARC can keep up with the pace of integrating innovative AI solutions into blockchain applications, it seems likely to come out the other side as a major player in the space.

– $ACT: A token centered on decentralized AI interactions, $ACT is another project that has attracted smart money investors. One wallet holds $60k worth of $ACT, with the token’s market cap sitting at $89 million. The project is aimed at creating decentralized apps driven by AI. So, unlike most crypto projects, which are looking at Web3 as a way to create solutions, the apps that $ACT is creating are already using AI to solve certain problems. This makes them far more valuable in the long run.

Decentralized finance (DeFi) remains a vital part of the cryptocurrency ecosystem. It holds the promise of making the trading of cryptocurrencies more efficient and less risky, thanks to smart protocols that once seemed science fiction but are now well within the realm of engineering.

Over the past 24 hours, two DeFi projects—$W