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Jan 3 • 7 tweets • 7 min read
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
Dec 20, 2022
1/ Share a SmartMoney of $SHIB.

This SmartMoney transferred 200B $SHIB($1.67M) to Crypto.com 18 hours ago.

And ~5 hours after his transfer, the price of $SHIB dropped by 7%.

Let me see how he made money on $SHIB.👇

etherscan.io/token/0x95ad61…
2/ The SmartMoney bought 15.28T $SHIB with 10 $ETH ($3,796) on August 7, 2020.

Then he made ~1,967 $ETH (~$7M) by buying and selling $SHIB on #Uniswap.
3/ The SmartMoney started trading $SHIB on CEX when $SHIB was listed on exchanges like #Binance, Crypto.com, etc.

If he buys $SHIB at the price when he receives $SHIB, and the sells at the price when he transfers out $SHIB, his profit is about $85M.
Read 5 tweets
Lookonchain Profile picture
Dec 7, 2022
1/ Dragonfly Capital(@dragonfly_xyz) may have lost ~$44M on $PERP token.

About 9 hours ago, Dragonfly Capital transferred all 4.69M $PERP($2.17M) to #Binance. Image
2/
Dragonfly Capital began to buy and stake $PERP on July 20, 2021.

He bought a total of 4,264,921 $PERP ($46.55M at that time) during the bull market, with an average buying price of $10.92.

Selling at the current price of $0.463, he will lose ~44 millon USD! ImageImage
3/
The 24h trading volume of $PERP on #Binance is only ~$3M, and the depth is only ~$80K.

After Dragonfly Capital transferred out $PERP, the price has only dropped by 2.5%.

So Dragonfly Capital may have not sold all 4.69M $PERP yet. ImageImage
Read 5 tweets
Lookonchain Profile picture
Dec 6, 2022
1/ Please pay attention to the price changes of 1INCH.

222,187,500 1INCH($106.7M) unlocked in December have been claimed one after another.

Large amount of unlocked 1INCH tokens are being dumped.

And the price of 1INCH dropped by 9.43% from $0.53 to $0.48 in the past 7 days. Image
2/
The 1inch Foundation has allocated all tokens to multiple contract addresses before the tokens start to be unlocked.

When the unlocking time is up, investors/team can claim by themselves.

Generally, investors/team start to claim 1INCH at the beginning of the month. ImageImage
3/
The price of 1INCH started to drop at the beginning of the token unlocking month.

In December 2021, the price of the token fell from 3.6 to 2.45 in 20 days, a drop of 32%.

In June 2022, the price of the token dropped from 0.99 to 0.58 in 20 days, a drop of 42%. ImageImage
Read 7 tweets
Lookonchain Profile picture
Dec 6, 2022
1/ @ambergroup_io appears to be on the verge of bankruptcy.

We analyzed 6 Ethereum wallets of Amber and found:

- $9.46M assets in total.

- Amber transferred ~36M $BUSD to Paxos and 10,422 $ETH ($13.12M) to a new address.

- Amber traded 4 hours ago.
👇
2/ Here is the 6 Ethereum wallets of Amber.

$9.46M assets in total, including:

- 3,990 $ETH($5M)
- 1,111,841 $USDC
- 1,652,678 $USDT
- 29,182 $BUSD Image
3/ Amber transferred ~36M $BUSD to #Paxos in the past 7 days.

etherscan.io/address/0x1f23… Image
Read 5 tweets
Lookonchain Profile picture
Dec 6, 2022
1/
APE staking started 11 hours ago, and as of now, 2.9M $APE ($11.5M) has been staked.

Official Contract Address:
etherscan.io/token/0x4d2244… Image
2/
$APE amount staked in 4 staking pools:

- APECOIN ($APE): 623,103.13 $APE (22%)
- APE(BAYC): 1,542,337.32 $APE(54.45%)
- MUTANT(MAYC): 535,844.77 $APE(18.92%)
- PAIRED(BAKC): 131,196.2 $APE(4.63%)
app.apestake.io/pools Image
3/
1st Staker: n0b0dy.eth (@nobody_vault)

Staked 169,679 $APE ($665,141) in total.

etherscan.io/token/0x4d2244… Image
Read 5 tweets
Lookonchain Profile picture
Dec 5, 2022
1/ Whales are accumulating $LINK recently.

- A gaint whale (institution) accumulated 14.3M $LINK ($107.6M) from #Binance in the past 2 weeks.

- 0xd51b bought 284,496 $LINK ($2.15M) from #Uniswap on Nov. 30.

- 0xe6a5 bought 66,723 $LINK ($504,427) from #1inch on Nov. 30.
👇👇
2/
A giant whale (maybe institution) has received $LINK from #Binance every day since November 23, distributed in 50 addresses.

Received a total of 14.3M $LINK ($107.6M) from #Binance, with an average holding cost of ~$7.2.

Here is the address list.

docs.google.com/spreadsheets/d…
3/ Address "0xd51b" bought 284,496 $LINK ($2.15M) with 2,186,455 $USDC from #Uniswap on Nov. 30.

The average buying price is $7.69.

etherscan.io/token/0x514910…
Read 5 tweets

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