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Update behavior of Smart DEX Traders with $SAFE on Apr 24
$SAFE's 24hrs trading volume was $78.18M, with $25.46M (32.6%) traded on @Uniswap Protocol V3. Crucially, Smart Traders on DEX who bought & holding $SAFE at what price?
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#SAFE is a token representing a Wallet/Payment solution that has gained bullish sentiment from the community due to its popularity and security.💰
According to @0xelonmoney, Safe Wallet is a smart choice among prominent individuals such as @VitalikButerin and @punk6529, as well as Web2 giants like Shopify and Reddit, for securely storing assets and valuable #NFTs using self-custody methods.
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$SAFE has dropped over 40% since listing, which raises concerns among other traders about the project's tokenomics possibly leading to token dumping.
However, based on data from iCrypto Terminal, we observed that the average purchase price of 11 Smart Traders is $2.75.
In total, these 11 wallets are holding 80.8K $SAFE ~ $173.9K. The buying order from this group is still significant compared to current selling pressure.
Moreover, the unrealized PnL for these 11 wallets is -$51.4K, but they are still holding and even considering DCA added. Current price can be seen as a good entry point.
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What is your opinion on $SAFE? Share your perspective with us🚀
