Hi Alex’s readers, how’s everything today? As part of the series analyzing the list of Fan Tokens, I will provide my dearest readers with information about - one of the Fan Tokens that has gained popularity in the market in recent days. Santos FC Fan Token(SANTOS) Compared to LAZIO, SANTOS is in a fairly high price range at 13.3 (about 4 times higher than LAZIO). Going through some information from the TokFlow Overview interface, SANTOS is showing quite a positive signal when the current TokScore is with of the $SANTOS community making predictions that it will increase in the future. 61/100 75% I will elaborate more on the index which is calculated based on the metrics of , and such as the increase in interaction on networking sites, the number of followers and subscribers , thereby scoring the token's strength/weakness based on a 100-point scale. For $SANTOS, the score is in the range of "Average”, in close proximity to the “Good” level. This shows the potential of a bullish trend for this token. Tokscore Real Volume (30%), Source (30%), Price change (20%), Number of holders (15%) other social metrics (5%) With such a pretty good index, it’s worth noticing how the big and small money flows regarding $SANTOS? As usual, we cannot ignore the significant factor that has the strongest influence on the token price - Smart Money: It can be seen that, for Santos, Smart Money was active only in the first 6 months when this token was listed on the exchange and was highly active between March and May of this year: With the highest buying price of and the highest sell price of , Smart Money successfully pushed the $SANTOS price from about $978K (March 11) $836K 2.1 (late February) to 8.7 (March 12). And once again, with the highest buying price of , and the highest selling price of , Smart Money also pushed the lowest $SANTOS price from $817K (May 18) $856K (May 18) 1.7 (May 16). ) to hit the peak at 6.7 (May 18) after only 2 days. In this fourth quarter, Smart Money's activity was at a standstill. However, the token price increased quite high , also during this time, the highest figure in Q4 recorded for buyers were ; for sellers. This proves that the community is quite interested in $SANTOS, so there is no need for MM to put too much effort in pumping the price. (reaching a peak of 25.2 on September 24, 2022) $158K (September 23, 2022) $151K (August 17, 2022) and $140K (September 23, 2022) This can be shown in other Smart Money metrics: Buy orders scattered . The largest buy order executed was worth from wallet from $19,000 to $20,500 $20,377 0x08493d163de902cd289ae51406fe4ec8385634d2. Sell orders scattered . The largest sell order executed at coming from wallet . from $10,000 to $31,000 $31,012 0xa38c28f8049d95a0ef025cfbd3a2bff6ab2692c9 The total assets of Smart Money wallets are currently worth , a modest number. There’s only holding SANTOS, while the Total Value In is , and the Total Value Out is . This indicates that MM has transferred most of the cash flow and left only a relatively small amount in the wallet. $716K 2.92% $20.9M $20.3M With the average buying and selling price of SANTOS tokens ranging from and a very high profit of , it is very likely that Smart Money will dump if there is a robust $SANTOS bull run coming. However, how massive the sell-off is depended on the volume of tokens that Smart Money holds. Holding a quite small book at the moment, it’s necessary for Smart Money to have a strong adjustment to accumulate a large volume of tokens as well as ensure its control of the community. $8.6 - $8.5$ 163% So, which situation will be more likely to occur, especially in the context that the community is giving a lot of flavor to the SANTOS token? Will Smart Money wait for a strong adjustment to accumulate more or will the price pump greatly for MM to dump it? The answer will be found in the next article. Stay tuned with Alex!