In the past seven days, meme token HONK has surged 250%, drawing significant attention from smart money.
Between June 27 and 29, new buy orders from savvy traders marked a notable shift (Image 1), while early holders of HONK, who entered during the initial listing phase, began to take profits (Image 2).
The current price has broken through the previous all-time high, prompting old cohorts to take profits. Simultaneously, this price action has attracted new smart money participants.
For those interested in following smart money, here are some Meme Hunter wallets worth noting:
– Wallet 0x2d36 (icrypto.ai/wallet/0x2d368…) boasts a win rate of 63% and a recorded profit and loss (PnL) of +$11.63K (98.41%).
– Wallet 0xa6db (icrypto.ai/wallet/0xa6db6…) has a win rate of 59%, with an unrealized gain of $2.27K (+40%) and no signs of selling yet.
– Particularly noteworthy is wallet 0xaa4bd (icrypto.ai/wallet/0xaa4bd…), which has a win rate of 58.62% and has consistently dollar-cost averaged (DCA) into HONK, showing no selling signals.
This wallet currently holds $81K worth of HONK, with an unrealized PnL of $59.2K.
Meme $HONK increased 250% in the past 7 days | Smart Money's participation 😁👇
Details on $HONK: https://t.co/P48oJJyj29
On June 27-29, new buy-side from some Smart Trader (Image 1), while sell orders came from Early holders of $HONK during the initial listing phase (Image 2).… pic.twitter.com/ktvG9DMlQz
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 3, 2024
The recent performance of HONK highlights its growing popularity and the strategic moves of smart traders capitalizing on its momentum.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: peshkov/123RF // Image Effects by Colorcinch