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SHIB, GALA, and CHZ recently garnered noteworthy heed across the broader crypto market as these tokens emerged at the cork of the smart money token inflow list on Thursday. Emerging among the top 5 tokens on the list, among other cryptos, the mentioned tokens appear to have amassed significant traction among traders and investors globally.
Furthermore, as the tokens topped the list amid a global crypto market rally, traders’ confidence in these cryptos grew further, bolstering the trust orbiting these tokens.
However, the emergence of SHIB, CHZ, and GALA at the list’s pinnacle comes amid a price drop witnessed by the previously stated tokens, fueling speculations within the broader crypto market.
A Closer Look Into The Report
Nansen.AI, a platform streamlining on-chain data, recently unveiled the chronicle positioning GALA, CHZ, and SHIB at the crest of the smart money token inflow list. The aforestated tokens, functioning atop the Ethereum blockchain, stood at the 3rd, 4th, and 5th ranks, respectively while writing.
Moreover, positioning itself among the top 3 tokens on the list, the Gala (GALA) token noted a smart money inflow of $1.56 million over the past 24 hours, accompanied by an exchange inflow of $288.48 K.
In addition, the Chiliz (CHZ) token, ranking just after GALA, also remarked a smart money inflow of $1.33 million over the past day, escorted by an exchange inrush of $161.62 K. Lastly, the Shiba Inu (SHIB) token, poised at the 5th rank, registered a smart inflow of $1.22 million since the last day, alongside an exchange outflow of $2.12 million.
Intriguingly, the appearance of these tokens on the list’s zenith mirrors the assurance among seasoned crypto market enthusiasts, highlighting investors’ and traders’ trust orbiting these tokens.
Also read: Solana (SOL) Price Surges 6% Past $75 As Saga Phones ‘Sold Out’ In the US
SHIB, GALA, & CHZ Price Analysis
At the time of writing, the Shiba Inu price witnessed a fall of 3.20%, reaching $0.000009839. A weekly drop of 2.69% further accompanied this fall, fueling speculations within the market as the token recently topped the smart money token inflow list. However, with the price falling amid the token’s emergence at the list’s top, market sentiments for the token seem dynamic.
Furthermore, the Gala price also down surged 3.93% in the past 24 hours, trading at $0.03093 today. The price drop noted by the token today also comes contrary to the appearance of GALA on the smart money token inflow list.
Meanwhile, the Chiliz price also portrayed a drop of 0.80%, evaluating $0.08487. Although the token moved up briefly today, the current drop contrasts its emergence in the list.
Also read: Whale Dumps Over 42 Mln XRP, Is A Pullback To $0.60 Ahead?
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