ONCHAIN GEM: @dopex_io
$DPX is currently receiving a lot of attention in the @arbitrum ecosystem.
Similar to $GMX, I am seeing some strong accumulation.
Let's dive deeper into the data 👇
1/
Overall, the number of DPX holders on Ethereum has been on an uptrend since its launch.
It has now reached over 2K.
On average, 20 new holders are added per day.
2/
The total amount of DPX staked has also increased to 68K ($17M) ~ 15.3% of the total supply.
However, from August, the growth rate has slowed down.
This could be due to market conditions, the project is still developing well.
3/
Let's look at Smart Money.
Wallet 0x0fda accumulated a total of 600 $DPX ($165K) on @SushiSwap from 15 to 18 Dec.
The total $DPX this wallet holds is worth about $200K.
4/
Wallet 0x7d2 sold 3600 $rDPX ($112K) in early December for a nice profit.
However, since Dec 12th, this wallet has been bought back in large quantities.
And now this wallet is holding 8K5 $rDPX ($300K)
5/
You should pay attention to the wallet of @tztokchad (the core team of @dopex_io)
This wallet is holding 14K $DPX ($3.5M), standing in the Top 5 holders and showing no signs of taking profits.
6/
For the full report on fundamental analysis, you can check out this thread:
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I hope you've found this thread helpful.
Follow me @theData_Nerd for more.
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