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Lookonchain Profile picture
@lookonchain
Jan 3, 2023 • 7 tweets • 7 min read • Read on X
Scrolly
Su Zhu, the founder of 3AC, tweeted that #DCG and #FTX conspired to attack #LUNA and $stETH.

Is the depegging of stETH/ETH in June related to #FTX?

1.🧵
Let's try to find some evidence on chain.
2.
Address: 0xd5c6a038950b977969e66f4823fd813c67048ba0

This address withdrew 110,286 $stETH ($216M) from Anchor Protocol when UST/LUNA crashed, and transferred all 110,286 $stETH to #FTX on June 8th.

After that, stETH/ETH began to depeg.
3.
The address "0xd5c6" is a new address and received 12 $ETH from #FTX as gas fee.

After transferring all $stETH to #FTX, he transferred the remaining 10.5 $ETH back to #FTX.

We cannot be sure that the address "0xd5c6" belongs to @SBF_FTX, but it is very likely.
4.
In addition to the address "0xd5c6", @CelsiusNetwork transferred 50,000 $stETH($73.8M) to #FTX and @ambergroup_io transferred 74,941 $stETH($110.5M) to #FTX.
5.
Celsius wallet "0xf642" withdrew 224,949 $stETH from the Anchor Protocol on May 11 and transferred 50,000 $stETH($73.8M) to #FTX on June 9.

Celsius still holds 420,060 $stETH ($505M) now.

etherscan.io/token/0xae7ab9…
6.
Amber Group removed 83,380 stETH from #Curve and transferred 74,941 $stETH($110.5M) to #FTX on June 10 and June 11.

etherscan.io/token/0xae7ab9…
7.
At that time, the liquidity of #FTX was not the largest, but why did these addresses transfer $stETH to #FTX at the same time?

And these 3 address transferred a total of 235,227 $stETH($347M).

Retweet and leave your opinion.👇

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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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