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Lookonchain Profile picture
@lookonchain
Nov 22, 2022 • 8 tweets • 6 min read • Read on X
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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
4.
ponzishorter.eth sold $CRV in large quantities, so many people who used $CRV as collateral will face liquidation.

The founder of Curve.fi borrowed $USDC with $CRV as collateral and is about to be liquidated.

So 3 hours ago, he added 20M $CRV of collateral. Image
5.
Now, the Health Rate of the Curve.fi founder is 1.65.
debank.com/profile/0x7a16… Image
6.
ponzishorter.eth added $USDC as collateral, continued to borrow $CRV from #Aave and sold.

He totally borrowed 92M $CRV($39.86M)
Now his Health Rate is 1.39.

And he also used MEV bots to dump $CRV in an attempt to drain CRV's liquidity. ImageImage
7.
Now the price of $CRV started to recover, but ponzishorter.eth did not stop shorting $CRV. Image
8.
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More from @lookonchain

Lookonchain Profile picture
Aug 29
1/ The price of #Bitcoin experienced two major crashes in August!

Will it keep dropping or bounce back from the bottom?

Let's use 5 indicators to decide whether to escape from the #Bitcoin top. Image
2/ Rainbow Chart

The Rainbow Chart is a long-term valuation tool that uses a logarithmic growth curve to forecast the potential future price direction of $BTC.

The NEW Bitcoin Rainbow2023 Chart shows that $BTC is still cheap.

blockchaincenter.net/en/bitcoin-rai…
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3/ Relative Strength Index (RSI) Chart

≥ 70: BTC is overbought and may soon fall. ≤ 30: BTC is oversold and may soon increase.
The current RSI is 61.87, compared with previous data, it seems that $BTC has not yet reached its peak.

charts.bitbo.io/monthly-rsi/
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Read 7 tweets
Lookonchain Profile picture
May 24
What a smart trader!

In just 1 year, his portfolio grew from $23M to $65M, earning $42M!

- Made $60M(+1203%) on $PEPE!

- Made $5.8M(+288%) on $ONDO!

- Made $1.85M(+72%) on $BEAM!

1/ Let's dig into his trades.👇 Image
2/ He spent 2,434 $ETH($5M) to buy 3.97T $PEPE from Nov 2, 2023, to Feb 1, 2024.

Then sold 125B $PEPE for 350 $ETH($1.27M), with 3.84T $PEPE($56.43M) left.

The profit is $60M, with an ROI of 1203%.

He is very smart and sells at a high price every time. Image
3/ He bought 7.55M $ONDO($1.9M) at an average price of $0.26 from Jan 28 to Feb 6.

Then sold 2.56M $ONDO($2M) at an average price of $0.79 on Mar 14, Apr 1, and Apr 2, with 4.99M $ONDO($5.73M) left.

The profit is $5.8M, with an ROI of 288%. Image
Read 5 tweets
Lookonchain Profile picture
May 15
My follower @ShitGemHunter told me that the 95.78M $GME he sold for $136K was worth over $2M at its peak!

He made common mistakes that many traders made and also lost money on multiple coins such as $ANALOS, $BOMO, and more.

1/
Let’s dig into his trades for lessons. Image
2/ On April 23, this trader found that the $GME price was at the bottom via the 30D chart, 1H chart and 1D chart.

So he started buying $GME on #Jupiter, spending a total of $48K to buy 95.78M $GME at an average price of $0.0005.
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3/
With the return of @TheRoaringKitty, the price of $GME is starting to skyrocket!

When the profit reached 2x, he sold all $GME for $136K!

But he underestimated the impact of Roaring Kitty and sold too early.

After he sold, the price of $GME continued to rise crazily! Image
Read 7 tweets
Lookonchain Profile picture
May 14
Roaring Kitty(@TheRoaringKitty), a retail trading legend, returns after 3 years!

He once led retail users to drive #GameStop's stock price to soar in 2021, and also promoted the takeoff of crypto memes!

1/
 Learn His Story: The 100x Trading Opportunity You Can’t Miss! Image
2/
 In 2019, Roaring Kitty began to post the view that #GameStop was undervalued and purchased $53K worth of stock.

As he continued to post about #GameStop, more and more people joined him, causing the stock price to rise rapidly.

His stock value turned to ~$48M in January 2021!
3/
In June of 2021, Roaring Kitty posted a video about a kitten falling asleep on Twitter, and then largely disappeared from social media.

Until May 13, he suddenly posted a picture on X of a video gamer leaning forward on their chair.
Image
Image
Read 10 tweets
Lookonchain Profile picture
May 12
A whale lost 1,155 $WBTC($71M) due to a phishing attack on May 3.

A week later, the attacker returned all the funds.

How did it happen?

What should we pay attention to?

1/🧵
A thread tells you the whole story. Image
2/ After the market drop on May 2, this whale spent 29.6M $DAI to buy 502 $WBTC at $58,951.

Then he wants to create a new address and transfer all funds to the new address.

So on May 4, he created a new address and transferred 0.05 $ETH for testing.
Image
Image
3/ The attacker generated many phishing addresses in advance and monitored users' on-chain activities.

When he detected the whale starting to transfer funds, they immediately transferred 0 $ETH to the whale using a phishing address with the same starting and ending letters. Image
Read 12 tweets
Lookonchain Profile picture
Apr 17
Ansem(@blknoiz06) - the best crypto trader who:

170x on $SOL
520x on $WIF
80x on $BONK

Yesterday, he tweeted that the next 100x opp is runes on Bitcoin.

1/ 🧵
Let’s dig into his trading strategy. Image
2/ On Jan 1, 2021, when Solana was still unknown, Ansem opened a position in $SOL at $1.5.

After 11 months, $SOL reached $260, a gain of more than 170x!

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3/ On Oct 30, 2023, Ansem tweeted "bonk great coin", and then $BONK skyrocketed!

4 months later, $BONK exceeded $0.000047, a gain of more than 80x!

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Read 12 tweets

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