In the cryptocurrency space, trends can change overnight and smart investors are always looking for the next big opportunity.
Over the weekend, many investors flocked to Trump-related tokens, hoping to capitalize on the heat surrounding the inauguration. However, the Trump Token fever quickly cooled, bringing attention back to artificial intelligence (AI).
Cryptocurrency Trends: Smart Money Leaves TRUMP Tokens to Switch to AI
As the attention to the inauguration gradually cooled and the news passed, cryptocurrency investors also began to look for new opportunities. According to analytics platform Nansen, smart traders are now turning to Token AI.
“Smart money spent the weekend hunting for Trump-related tokens during inauguration fever. Right now, it seems like the narrative is fading on artificial intelligence,” Nansen spoke on Twitter.
Smart money often refers to large investors or institutions that move according to information, research or trends. They can have a greater influence on the market than inexperienced, retail traders.
According to data from Nansen, smart investors have ended their TRUMP positions. After the peak accumulation phase on January 18, traders can be seen gradually retreating from TRUMP.
The price of meme coin decreased by more than 24% in the past 24 hours. TRUMP is trading at $40 at the time of writing, after surpassing $70 earlier this week.
Ahead of President Donald Trump’s inauguration, meme coins such as TRUMP and MELANIA quickly attracted interest. With the attention surrounding the political event, it is no surprise that investors are seizing the opportunity to invest in Trump-branded tokens.
Nowadays, investors have turned towards Token AI, which is clearly shown on Nansen’s dashboard.
Among AI Tokens, AI16Z, ARC, SWARMS and ZEREBRO have attracted positive inflows from smart investors in the past 24 hours. If the trend continues, AI Tokens may soon surpass meme coins. It is expected that more investors will follow smart money’s transactions.
The latest development comes as AI Tokens and AI Tokens are receiving significant attention in the cryptocurrency space. AI tokens even recorded a boom last week following Franklin Templeton’s prediction about AI agents.