On the surface, the crypto market seems to be having a lackluster day, trading flat since yesterday. Over the past week, most categories—smart contract platforms, layer-1s, DeFi tokens, DEX tokens, and even meme coins—have been under pressure. The global crypto market cap has dropped from $4 trillion to $3.86 trillion, a decline of 3.5% over the past few days.

But under the surface, smart money—wallets known for quick gains and sharper positioning—are quietly accumulating. Here are three altcoins Smart Money are buying despite the broader market weakness.

Shiba Inu (SHIB)

Shiba Inu has corrected more than 6% over the past seven days, but the pullback seems to have drawn strong buying interest.

With September rate cuts on the horizon and risk-on appetite returning, smart money appears to be positioning early in SHIB, making it one of the altcoins Smart Money wallets are buying right now.

Shiba Inu Holding Pattern: Nansen

On-chain data confirms this. Over the past week, smart money wallets lifted their holdings by 9.29%, adding about 3.78 billion SHIB.

But the bigger picture is even more telling. The top 100 addresses accumulated another 152.7 billion SHIB, while exchange balances dropped by 1.1 trillion

Go to Source to See Full Article
Author: Ananda Banerjee

Did you like this?
Tip BTC Newswire with Cryptocurrency

Donate Bitcoin to BTC Newswire

Scan to Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to BTC Newswire

Scan to Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to BTC Newswire

Scan to Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to BTC Newswire

Scan to Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to BTC Newswire

Scan to Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to BTC Newswire

Scan to Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.