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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
Nov 19
What happened to $eliza and $ELIZA?

AI16z partner @shawmakesmagic tweeted that they freed $eliza and deployed a new token called $ELIZA!

Many insiders bought a massive amount of $ELIZA and dumped it!

1/ Let's dive in! Image
2/ Wallet"FEbv...4ZcW" deployed $ELIZA at 06:01:41 UTC.

Someone created 10 wallets and used them to buy 69.05M $ELIZA($5.2M currently) with 2.07 $SOL($503) at the same second the token was deployed.

The 69.05M $ELIZA has been transferred to new wallets and has not been sold. Image
Image
3/ GxkX...W2Yg is suspected by the community to be Logan(@futjr_)'s wallet.

GxkX...W2Yg sold a large amount of $eliza before $ELIZA was deployed and spent only 24.2 $SOL($5.9K) to buy 233.12M $ELIZA($17.67M currently), becoming the largest holder of $ELIZA.

solscan.io/account/GxkXGe…Image
Read 7 tweets
Lookonchain Profile picture
Nov 7
1/ Whale "walletmobile" is a legend!

He made $5.94M in just one day by betting on #Trump!

He earned $8.44M by trading $LINK in 2023.

He currently has an unrealized profit of $6.3M on $AAVE.

And today, he borrowed 33M $USDC from #Aave to buy 11,493 $ETH. Image
2/
Today, 2 wallets(belonging to the same whale) borrowed 33M $USDC from #Aave to buy 11,493 $ETH at $2,871.

One of the wallets was funded by the whale "walletmobile".

etherscan.io/address/0x3622…
etherscan.io/address/0xa923… Image
Image
3/ On November 5th, "walletmobile" spent $9.95M betting on #Trump to win the #USelection.

One day later, he sold all his positions, netting $5.94M!
Read 6 tweets
Lookonchain Profile picture
Nov 3
The $Pnut market cap exceeded $120M, making many traders rich overnight!

1/ Let's dive into the story of $Pnut. 🧵 Image
2/ In 2017, Mark Longo rescued a squirrel involved in a car accident, named it Pnut (short for Peanut), and shared photos and videos of Pnut on social media.

Pnut quickly gained a large following thanks to its adorable looks and playful personality.

However, on Oct 30, the New York State Department of Environmental Conservation (DEC) received complaints of “unlawfully possessed” animals. Pnut was taken away and euthanized for rabies testing.

The death of Pnut sparked widespread controversy on social media, even attracting the attention of public figures.Image
3/ Pnut is not the first animal to be caught and killed.

Harambe(gorilla) was shot by zoo staff because they were worried that Harambe would hurt a little boy.

A #MEMEcoin named $Harambe was created, and its market cap quickly reached $80M as social media fermented.

So a #MEMEcoin named $Pnut also appeared.Image
Read 10 tweets
Lookonchain Profile picture
Oct 27
1/ Michael Bouhanna(@michaelbouhanna) bought many #MEMEcoins but made almost no money!

So he used his wallet "5W7U...b3cV" to launch a #MEMEcoin named $Ban and made more than $1M on $Ban with just one insider wallet!

👇👇👇 Image
2/ @michaelbouhanna once publicly commented that "5W7U...b3cV" was his address(the post has been deleted by him).

"5W7U...b3cV" is the deployer of $Ban. Image
Image
3/ The funds of "5W7U...b3cV" came from "EwVB...mD2".

"EwVB...mD2" traded many #MEMEcoins but made almost no money!.

On Oct 22 alone, he traded more than 10 #MEMEcoins on .

Therefore, he used the wallet "5W7U...b3cV" to launch $Ban to make money. Pump.funImage
Image
Read 6 tweets
Lookonchain Profile picture
Oct 17
What a smart money!

Made $2.19M on $PEPE, $1.7M on $SPX, $1.37M on $MOG, and $207K on $WOJAK!

1/ Let’s dig into his trades to see what he is buying! Image
2/ Recently, as the price of $SPX has risen, the smart money has been selling $SPX for profit and buying more $PEPE and $WOJAK. Image
3/ This smart money spent $57K to buy 10.1M $SPX from Dec 19, 2023, to May 21, 2024, and then sold 9.1M $SPX for $1.12M after the $SPX price rose, leaving 1M $SPX($636K).

He made a profit of $1.7M on $SPX! Image
Read 7 tweets
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…
Image
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/
Image
Read 7 tweets

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