Smart Money Investors Have Sold Some Popular Cryptocurrencies During the Ongoing Crypto Bear Market

Smart money investors have sold some popular cryptocurrencies during the ongoing crypto bear market. At the same time, on-chain data shows that these smart money pros are buying the dip in some cryptocurrencies. This article looks at some of the top altcoins to buy as smart money sells tokens like Solayer, AAVE, and Pi Network.

Smart money investors have sold some popular cryptocurrency tokens in the crypto bear market. At the same time, on-chain data shows that these pros are buying the dip in some cryptocurrencies. This article will look at some of the top altcoins to buy as smart money sells Solayer, AAVE, and Pi Network tokens.

At the same time, some of the top altcoins to buy as smart money investors accumulate are Virtuals Protocol (VIRTUAL), Arbitrum (ARB), and Pepe (PEPE).

Solayer (SOLR)

Third-party cryptocurrency data shows that smart money investors sold Solayer tokens worth over $7.3 million in the last 24 hours. These large cryptocurrency trades are usually executed by institutional investors.

Solayer is a liquid staking protocol on the Solana blockchain. It allows users to stake their SOL tokens and earn interest on them. Solayer’s native token, SOLR, surged by almost 90% from its lowest point last week. This huge price increase may have prompted the smart money investors to take some profits.

AAVE and Pi Network

Also, on-chain data shows that smart money investors sold AAVE tokens worth $1.2 million and Pi tokens worth $2.05 million.

The AAVE price has been on a downtrend since it hit a high of $168 last month. It is likely that the smart money investors are selling AAVE in anticipation of more price declines in the near term.

Also, the Pi Network token price has pulled back sharply from the high it hit earlier this month. This may explain why the smart money investors sold the PI tokens.

Top 3 Altcoins to Buy as Smart Money Investors Accumulate

Some of the top altcoins to buy this week are Virtuals Protocol (VIRTUAL), Arbitrum (ARB), and Pepe (PEPE). These are some of the coins that smart money investors have been accumulating.

Virtuals Protocol (VIRTUAL)

Smart money investors are buying the dip in the VIRTUAL price. The token crashed by over 85% from its highest level this year. But, these pros accumulated tokens worth almost $950k in the last 24 hours.

The most likely reason for the purchase is that these investors anticipate that it will do well during NVIDIA’s GTC event in California. Jensen Huang, the CEO, will be the keynote speaker and will likely unveil new AI solutions.

This is important because these investors expect that the VIRTUAL price will bounce back because NVIDIA is the biggest player in AI. For one, it may do well if it is mentioned in the keynote since it is the biggest AI generator in crypto.

Also, Virtuals Protocol’s MACD has formed a bullish divergence pattern on the daily chart. It bottomed at a low and the two lines of the indicator have crossed in a sign of a bullish trend.

Arbitrum (ARB)

Another one of the top altcoins to buy is Arbitrum as smart money investors bought more of the token. They bought ARB tokens worth $571k in the last 24 hours.

One reason for their accumulation is that, like VIRTUAL, it has formed a bullish divergence pattern. The two lines of the MACD indicator have continued rising as the token fell. Similarly, the Relative Strength Index (RSI) has risen from the oversold level of 25 to 43. A bullish divergence is a popular bullish sign.

Pepe Coin (PEPE)

Smart money investors are buying Pepe, whose price has crashed by double digits from its highest level this year.

Pepe coin has formed a bullish divergence pattern on the daily chart. It also formed a double-bottom pattern whose neckline is at its all-time high of $0.00002840. It also formed a falling wedge pattern, which is a bullish pattern that occurs in a strong uptrend.