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Nov 22 • 8 tweets • 6 min read
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 24
An hour ago, a whale removed 84,131 $ETH ($101M) from #Curve. Which caused the stETH/ETH pool out of balance, and stETH/ETH depegged to 0.9682.
debank.com/profile/0xf44a…

SmartMoneys have already made money on the temporary depegging of stETH/ETH.

1.🧵
Share with you. ImageImage
2.
MEV Bot arbitraged 104 $ETH ($124,800).

MEV Bot uses flash loan to obtain 8,000 WETH from 0x2718.

His exchange path is 8,000 ETH → 8,272 stETH → 7,537 wstETH → 8,104 WETH.

Then return 8,000 WETH to 0x2718 and make a profit of 104 $ETH.

etherscan.io/tx/0x9d8ac87f7… Image
3.
mandalacapital.eth longs stETH on #AAVE and takes profit when stETH/ETH returns to the peg.

He deposited 4,513.70 stETH to #AAVE and borrowed 3,193 ETH.

Exchange 3,193 ETH for 3,258.46 stETH.

Then borrow again to increase the leverage of long.

debank.com/profile/0xa117… ImageImage
Read 5 tweets
Lookonchain Profile picture
Nov 23
CRV war was played out on #Aave yesterday and ended with the longer defeating the shorter.

1.🧵

ponzishorter.eth shorted $CRV by borrowing and dumping $CRV;

$CRV guardians bought $CRV, soaring the price to $0.72, and liquidating all collateral of ponzishorter.eth.
2.
Why did ponzishorter.eth short $CRV?

There maybe 2 reasons.

1⃣ Profit by shorting $CRV.

2⃣ Liquidate Curve.fi founder's $CRV on #Aave by shorting $CRV.
3.
ponzishorter.eth began to borrow a small amount of $CRV and sell from Nov 14, causing the price to slowly drop from $0.625 to $0.464, a drop of 26%.

If he shorts $CRV through the perpetual contract on CEX, he will make a great profit.

etherscan.io/address/0x57e0… Image
Read 12 tweets
Lookonchain Profile picture
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.
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?
Read 10 tweets
Lookonchain Profile picture
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.
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.
3.
Now he has 255 $renBTC in his wallet, waiting for FTX Accounts Drainer to sell $ETH for $renBTC again.
Read 7 tweets
Lookonchain Profile picture
Nov 21
1/ The price of DFI.money ($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.
Read 4 tweets
Lookonchain Profile picture
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

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