The meme coin market sentiment shifted. Smart money wallets were now showing more caution than conviction. On-chain data showed that there was a net outflow of capital across the segment. This was not a surprise, as there had been way too many instances of high-volume pumps that coincided with the downturn of the broader crypto market. It seemed as if these pumps were being used as an excuse to take profits at levels that, in hindsight, now look like local tops. As per collected information from on-chain observation services, the amount of fresh funds flowing into smart money wallets stood
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