Meme-powered assets are gaining traction in the crypto world, and this has triggered a renewed interest in the smart money that flows into Ethereum and other blockchain projects.
Notably, sophisticated investors (wallets often associated with better timing and higher conviction) were net buyers in the memecoin market on April 22, 2025, according to on-chain data. This signals ongoing interest from sophisticated investors in this high-potential, albeit volatile, market.
On-chain tracking data reveals that smart money wallets are memecoin-inflowing for the memes. These wallets have deposited a total of $4.33 million into memecoins, while only withdrawing a bit less—$3.89 million. This leaves us with a net positive transaction volume coming into the memes of $435,000. Not too shabby, if you ask us. Overall, the transaction volume of inflow + outflow for memecoins by smart money wallets is memecoin total $8.22 million.
Focused Accumulations and Strategic Rotations
Incoming inflow went to a select few, with the majority of directed capital inflow going to only a handful of projects.
Among the top recipients of this inflow activity are FARTCOIN, VIRTUAL, SMR, MANEKI, and JLP—projects that have generated some traction in the current market cycle.
$FARTCOIN was the most notable winner of the day, attracting 787,000 smart money inflows. At its core, this isn’t surprising. Its meteoric rise over the past few days has turned it into one of the dominant memecoins. Its brand appeal is such that it’s resonated with retail audiences to an extent where it was able to capture an amount of inflow yesterday comparable to what some large caps see on a regular basis. The continued inflow from wallets you don’t normally see money coming from implies that larger players still see the upside in this one, whether that’s because they think it has a shot at keeping momentum or because they see some future listings as catalysts.
$JLP gained serious buzz when a cool $262,000 entered its ecosystem. This is not your grandma’s memecoin. This is a serious upstart with serious cash. Its recent surge in social engagement and not-so-slight uptick in trading volume suggests that it is winning some serious street cred with not-so-much-are-you-kidding-me investors and is threatening to claim the memecoin as its own. It seems to be a formidable challenger suggested by its recent momentum.
There were yet smaller but still remarkable inflows for #VIRTUAL and $SMR, both of which managed to attract $101,000 apiece. Meanwhile, $MANEKI was shown some $64,000 in smart money interest. These are not the most newsworthy tokens, but the kind of steady inflows we’re seeing with all of them tends to precede some stronger price action—if, that is, retail buying steps in behind increased liquidity. And frankly, that’s what we’d expect.
Outflows Suggest Profit-Taking and Rotation
Conversely, some tokens saw significant capital outflows, a sign that smart investors may be reallocating their assets to new opportunities or ones with better prospects. The $cbBTC token had only a paltry $44,000 outflow. By comparison, the Euro-denominated stablecoin $EURC had an outflow of $497,000—a number not exactly consistent with the notion that stablecoins are, you know, stable. If we pretend for a second that this outflow is only about $EURC, it might suggest that investors are reallocating their Euro-denominated assets into higher-volatility opportunities. That is, if this outflow isn’t a shot across the bow of the European economy and a not-so-subtle critique of the Euro.
$JUP had $138,000 leave the project, possibly indicating profit-taking or diminished enthusiasm after a recent surge. Similarly, $POPCAT, which recently saw a strong rally, had $218,000 exit the project. Could this be a sign of investors locking in gains after a notable uptrend? The pattern is a common one in the memecoin market, which is known for its fast reversals.
Recap: Smart money on chain activities in the memecoin market for 22/04/25
Yesterday, there was more inflow than outflow
Inflow: $4.33M
Outflow: $3.89M
Volume: $8.22M
Net Volume: $435KThere was inflow into: #VIRTUAL ($101K) $SMR ($101K) $MANEKI ($64K) $JLP ($262K) #FARTCOIN… pic.twitter.com/VDjbB1rftL
— Stalkchain (@StalkHQ) April 23, 2025
Another name to take a hit was #ZEREBRO, which saw $353,000 in smart money outflows. While the project had gained interest during its launch phase, the recent selling indicates diminishing momentum or a shift in trader sentiment—perhaps due to the project’s not delivering on some developmental promises or not rallying as expected in community engagement.
Smart Money Hints at Continued Confidence in Meme Market
The net positive inflow of $435,000, which remains unimpressive, nonetheless springs no tears in the context of tending a speculative and narrative-rich sector. It carries little weight and seems to reinforce a highly cautious. Right now, ‘smart’ money conversing, seems to be staying the course and appearing to seek renewed narrative plays featuring either fresh, sarf, or deep value opportunities that persist even in the community right now.
The data underscores an increasingly elaborate market strategy among the big players. No longer just chasing pop and spectacle, they seem to be making selective bets on the sorts of tokens that embody longevity, community, and, well, potential. For the retail trader watching from the sidelines, following these guys can only lend useful insight into where attention—and maybe even profits—will next coalesce.
The memecoin ecosystem keeps changing with new comers and it is diversifying. Still, the intelligent money behavior is the most straightforward narrative indicator we have of what the market is thinking and where it might be going. Despite all the other noise, the mass or curious entrance into the memecoin game, or the potential value of some strategic real world application development path, some coins are being bought and held by people with a lot of money and a lot of market smarts. And some of those coins are very meme-y.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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