Smart money investors refer to investors who are known to buy in early to tokens that end up doing well. They have a decent win rate and more often than not, end up buying a token long before they begin rallying and make the most gains. Hence, when a large number of these ‘smart money’ investors are buying a particular cryptocurrency, they tend to attract attention as it could be the next runner.
While BONK’s buy value came out to just under $600,000, PENGU and WIF were under $500,000 and POPCAT was under $200,000. This buying streak suggests that these smart money investors are expecting the BONK price to rise and the buy volume could contribute to push it further.
