Smart money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. It is managed by expert investors who can foresee market trends and make most of the profits. So it means that smart money traders trying to trade together with market-maker. Also they think that technical analysis is not working because it's very old.
Is that what you mean by smart money, how about joint ventures or individual that participates in big airdrop like JTO and the rest, launchpad on big centralized exchange. From what you actually mean, I can say smart money are only used by the whales to generates more income fastly, is that true?