Thread by @OnChainData

Let's Talk: @nansen_ai 🧵

Today we'll be showing some of what this platform can do, which can prove to be worthy during this times where alpha might seem hard to find in #BTC or #Ethereum !

1/ Let's look what Smart money is putting their cash

That's a unusual inflow for $ENS

2/ Are this Smart Money players actually buying?

Analyzing token movements for the past 2 days shows just one wallet to "blame" for this, since all the other movements are not significant.

4/ What is he doing with the tokens?

This guys (wallet labeled as langford.eth) has been taking $ENS from #Binance to his personal wallet, meaning this guy is not planning on selling short term.

Does he knows something we don´t about #ENS ?

5/ Lets get to know our buyer a little deeper, what else does he holds?

This guy has around 10M USD in this wallet, holding mostly $USDT and $ENS.

We can also see he is an active trader who also is into NFTs, holding some of the blue chip collections #CloneX .

6/ Is he a longtime $ENS holder?

Nope, seems like he hasn't been holding the token before, so why would he buy such a large portion just a few days ago?

Now it's time to do some research about the token behavior and the project itself, any event we might not be aware of?

7/ Token price seems to be in a ranging movement in the $14 to $16 area lately, so whatever "might" happen, it hasn't happened yet.

#CoinGecko charts:

8/ So far we've got plenty of information from the @nansen_ai #nansen platform, we discovered a token ( $ENS) with a relevant inflow from a smart money wallet but seems like this is the only guy behind this move.

Not more smart money following the strategy and I didn't ...

9/ find any catalysts or events that might move the price in the short term, so not sure about this thesis.

What would you do?
Do you have any more data that might support a buy?

Let me know in the comments!

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