Just analyzed the onchain data for $SKY and here's what the smart money is doing:
Flow Intelligence:
๐ด Mixed signals on flows. Last 7 days saw $727k flowing INTO exchanges (distribution pressure), but in the last 24h we're seeing a reversal with $395k leaving exchanges. Smart Traders added $87k positions consistently over both timeframes - they're accumulating on this dip.
Top PnL wallets show interesting behavior: $87k outflow in 24h but massive $773k inflow over 7d, suggesting profit-taking on recent strength but overall accumulation.
Position Intelligence (Hyperliquid):
๐ VC holders dominating: Maven11 ($1.7M), Dragonfly ($1.1M), and IOSG Ventures just added 1.8M tokens in the last 30 days. However, many early VCs like Galaxy Digital, Apollo Capital, and Blockchain Capital have fully exited their positions.
๐ Price action: Down 13.7% over 7 days ($0.058 โ $0.050), but showing stabilization around $0.0497.
Verdict: Fresh VC accumulation + smart trader inflows during weakness = potential bottom formation.
NFA
