Lookonchain Profile picture
Nov 21 4 tweets 3 min read
1/ The price of DFI.money ($YFII) dropped -53% from $4,060.70 to $1,899.87 in the last few hours.

The selling pressure mainly comes from two gaint whales.
2/
$YFII Whale: 0xa4d68627cb6360466f9a6fa6e5db267ef7850c68

Starting from Nov 11, he bought $YFII from exchanges every day, with a total of 8,488 $YFII ($18.4M), and the average price is $2,170.

Assuming he sells all $YFII at $3,000, he will get a profit of $7M.
3/

A few hours ago, the whale "0xa4d6" transferred 755 $YFII($1.5M) from #Huobi to #Binance for sale.

May because #Binance has better liquidity than #Huobi.
4/

$YFII Whale: 0x36cc7b13029b5dee4034745fb4f24034f3f2ffc6

This whale has held $YFII for more than 1 year.

He bought 6,936 $YFII ($20M) at $2,914 in July and August 2021.

And sold 4,434 $YFII ($11.5M) at $2,604, with a loss of $1.4M.

He holds 2,503 $YFII($4.8M) now.

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More from @lookonchain

Nov 22
Today, ponzishorter.eth borrowed a large amount of $CRV from #Aave and pumped it.

Which caused the price of $CRV to drop from $0.537 to $0.407, a drop of 24%.

The sell-off continues for now.

1.🧵

A thread tells you what happened to $CRV. Image
2.

On November 13, ponzishorter.eth deposited about 40M $USDC into #Aave to borrow $CRV for selling.
Began to short $CRV for a week.

Which caused the price of $CRV to slowly drop from $0.625 to $0.464 over the past week, a drop of about 26%. ImageImage
3.

5 hours ago, ponzishorter.eth suddenly borrowed 20M $CRV ($9.9M) from #Aave and transferred to #OKEx for selling.

3 hours ago, borrowed 10M $CRV ($9.9M) from #Aave again.

etherscan.io/address/0x57e0… Image
Read 8 tweets
Nov 22
Could the FTX Accounts Drainer be @SBF_FTX?

1.🧵

We share some interesting findings with you.
2.

Noah(@Noah_nftn) tweeted that Former employees of FTX @vydamo_ disclosed 0xd275e5cb559d6dc236a5f8002a5f0b4c8e610701 is one of the addresses of misappropriating customer funds. Image
3.

Starting on November 8th, 0xd275 carried out large-scale $ETH transfers, which has never happened before in history.

The time coincides with the time when the FTX exchange suspended user withdrawals.

Misappropriating client funds to make money? Image
Read 10 tweets
Nov 21
FTX Accounts Drainer swapped 50,000 $ETH for 3,517 $renBTC yesterday.

His exchange path is ETH → WBTC → renBTC.

So arbitrageurs can profit by exchanging renBTC for WBTC.

1.🧵

Let’s see how arbitrageurs make money from renBTC → WBTC. ImageImage
2.

Fund address: 0x66b870ddf78c975af5cd8edc6de25eca81791de1

After noticing that FTX Accounts Drainer sold ETH for renBTC, he minted renBTC and exchanged it for WBTC.

He exchanged 99.8 $renBTC for 102 $WBTC and made a profit of about 2 $BTC($32K) in only one transaction. Image
3.

Now he has 255 $renBTC in his wallet, waiting for FTX Accounts Drainer to sell $ETH for $renBTC again. Image
Read 7 tweets
Nov 20
The price of SONM ( $SNM) has increased by 5261% from $0.2035 to $10.91 in the past 24 hours.

1.

Here is a thread about $SNM.
2.

What is $SNM?

$SNM token is an internal currency on the Sonm computing power marketplace.
With $SNM you can get access to the unlimited resources provided by Sonm.

sonm.com
3.

$SNM Token Economics.

Total Supply & Circulating Supply is 44.4M $SNM.

SONM launched its Initial Coin Offering (ICO) on June 15, 2017.

The ICO raised a total of $42 million and minted a total of 331,360,000 $SNM.

The ICO Price is $0.1268.

financemagnates.com/cryptocurrency…
Read 10 tweets
Nov 16
1.🧵

No FUD, just a thread about GBTC.

Including:

- What is GBTC?
- How to arbitrage with GBTC?
- GBTC and Genesis.
- Data about GBTC.
- Will Grayscale dissolve GBTC?
2.

Today, @AutismCapital said Genesis may have solvency issues and there is a possibility that Grayscale will dissolve GBTC.

@GenesisTrading is indeed facing a liquidity crisis due to FTX and 3AC, but @Grayscale said that the normal operation of GBTC will not be affected. ImageImageImage
3.

What is GBTC ?

GBTC (Grayscale Bitcoin Trust) is a Bitcoin fund launched by @Grayscale in 2013 as a Bitcoin Investment Trust.

GBTC allows investors to gain BTC exposure through a private trust that trades directly on the U.S. stock market.

grayscale.com/products/grays…
Read 20 tweets
Nov 16
FTX Accounts Drainer is the 35th holder of $ETH and the 10th holder of $BNB.

He holds 228,524 $ETH($288M) and 108,454 $BNB($30M).

1.🧵
What will he do next?
2.

FTX Accounts Drainer currently has 108,454 $BNB ($30M) and 1.7M $DAI on BSC.

So next he might swap these $BNB and $DAL for $ETH according to his previous trading behavior.

Arbitrageurs should be very happy when he starts exchanging $BNB for $ETH.
3.

An arbitrage of 208 $BNB($56,790).

21 hours ago, FTX Accounts Drainer dumped 10k $BNB ($2.8M) into the "0x74e4" pool.

At the same time, a bot exchanged 452 $ETH for 2,390 $BNB from the "0x74e4" pool.

Then exchanged 2,185 $BNB for 452 $ETH back via another pool "0x5bf6".
Read 9 tweets

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