$MON : Spot vs Perps Divergence 🚨

Price +56% (48h) but smart money EXITING on both markets 📊

SPOT Flows (7d):

🔴 Smart Traders: -$16.8M (1.6x avg) - SELLING

🔴 Exchange Inflows: +$66.6M - distribution active

🟡 VCs holding: Dragonfly $140M+, Galaxy, Big Brain (passive bags)

PERPS Action (Hyperliquid):

🔻 Smart Traders: -159M NET SHORT (!!)

🔻 Top funds shorting: CMS closed 22.8M, Manifold -46M

💰 Best PnL trader: +280% ROI, already EXITED

The Play:

VCs stuck holding spot while active traders SHORT the pump. Classic exit liquidity - retail buying, pros dumping.

Verdict: Both markets bearish. Spot = distribution, Perps = aggressive shorts.

NFA.DYOR!

#Monad #smartmoney