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Lookonchain Profile picture
@lookonchain
May 25 • 6 tweets • 5 min read Twitter logo Read on Twitter
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1/ Sharing a smart trader on #GMX.

He went long on $BTC in the past month and made ~$522K.

Moreover, he didn't lose any money even in the down market.

How did he do it?👇 Image
2/ The smart trader opened long positions in $BTC and $WBTC on April 23 and then closed the long position on April 28, which made him ~13 $BTC ($435K). ImageImage
3/ Then the smart trader opened a long position in $BTC again on May 5 and closed on May 6, which made him ~0.77 $BTC ($25K). ImageImage
4/ From May 11 to 12, the price of $BTC dropped by ~6%, and this smart trader's long position remained profitable because he placed limit orders.

He went long on $BTC after the price plummeted, and then set the closing price to make a profit, earning ~2.26 $BTC ($62K) in total. ImageImageImageImage
5/ On May 16, this trader opened three long positions in $BTC.

As the $BTC price dropped, he increased his long positions.

And his current unrealized P&L is -$216K. ImageImageImageImage
6/ Address: debank.com/profile/0xfd93…

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More from @lookonchain

Lookonchain Profile picture
May 24
1/ A smart whale who made ~$2.5M during #USDC depegging is long $ETH on #Aave.

Today, this whale:

- Exchanged a total of 7,169 $ETH for 7,169 $stETH.

- Deposited 7,169 $stETH into #Aave.

- Borrowed 8.45M $USDT.

- Deposited 8.45M $USDT to #Binance (possibly buying $ETH). Image
2/ The whale deposited 28,755 $stETH($52M) to #Aave and borrowed 36M $USDT in total.

The health rate is 1.2.

It will be liquidated when the price of $ETH decreases by 20% (~$1,511). Image
3/ During the #USDC depegging, the smart whale exchanged a total of 66.6M $USDT for 69.2M $USDC.

Then exchanged $USDC for $USDT when $USDC returned to the peg in April.

Made a profit of ~$2.5M! ImageImage
Read 4 tweets
Lookonchain Profile picture
May 23
1/ Sharing a super #MEME coin hunter who earned 562.64 $ETH($1.06M) in the past month!

- Made 189.5 $ETH ($345,306, 4x gains) on $RFD.

- Made 127 $ETH($248,697, 32x gains) on $PEPE.

If you always lose money on #MEME coins, this thread will help you increase the win rate. 🧵 Image
2/ The super #MEME coin hunter traded a total of 104 tokens in the past month, of which 66 tokens were profitable, with a winning rate of 63.5%.

debank.com/profile/0x7431…
3/ Here are the top 20 money-losing tokens.

This guy is very good at stopping losses, at most he lost 6 $ETH ($11,306) on $RIBBIT. Image
Read 5 tweets
Lookonchain Profile picture
May 18
1/ We noticed that BlackRock Fund withdrew 1.27T $PEPE ($1.98M) from #Binance to 4 addresses 2 hrs ago.

And BlackRock Fund made $2.39M(10x) on $PEPE before! ImageImageImageImage
2/ These 4 addresses use the same Binance deposit address as blackrockfund3.eth, and are most likely addresses newly created by BlackRock Fund.

etherscan.io/address/0x2bcb…
etherscan.io/address/0xf6d5…
etherscan.io/address/0xfaaa…
etherscan.io/address/0x89a3… Image
3/ BlackRock Fund bought 1T $PEPE ($244K at that time) at an average price of $0.0000002431 on April 21, and sold all 1T $PEPE ($2.63M at that time) at an average price of $0.000002627 on May 5.

The profit is ~$2.39M (10x).

debank.com/profile/0x5fe5… ImageImage
Read 4 tweets
Lookonchain Profile picture
May 18
1/ Jump Trading transferred 3M $LDO ($6.9M) to the new address"0x0ee7" 6 hrs ago and then deposited 7,366 $LDO ($17K) to #Binance. Image
2/ Jump Trading spent 1,207 $ETH ($4.76M) to buy 5.59M $LDO at $0.85 on May 10, 2021.

Then transferred 3.36M $LDO ($7.7M) to #Binance and #KuCoin at an average price of $2.29 after a one-year lockup period. ImageImage
3/ Another main wallet of Jump Trading started to withdraw $LDO from exchanges on August 9, 2022.

And withdrew a total of 2.44M $LDO ($5.9M) at an average price of $2.42.

It seems like market making, and we don't know his real buying and selling price on exchanges. ImageImage
Read 4 tweets
Lookonchain Profile picture
May 17
1/ Sharing some interesting findings on $SHIB and $DOGE.

The 5th holder of $SHIB and the 5th holder of $DOGE seem to be the same person, either Jump Trading or a partner of Jump Trading.

Holding 20T $SHIB($176M) and 3.4B $DOGE($248M). ImageImage
2/ 12 hrs ago, "0x73AF" transferred 20T $SHIB ($176M) to "0x40B3" in 4 transactions, and "0x40B3" became the 5th holder of $SHIB.

Almost at the same time, "DDuX" also transferred 3.4B $DOGE ($248M) to "DEgD" in 4 transactions, and "DEgD" became the 5th holder of $DOGE. ImageImage
3/ "0x73AF" received 310K $ETH ($563M) from Jump Trading "0x0716" and Jump Trading "0xeA3e", which may be the internal address of Jump Trading or a partner of Jump Trading. ImageImage
Read 4 tweets
Lookonchain Profile picture
May 15
1/ Are NFT influencers making money on #MEME coins?

Here are 8 NFT influencers, 4 of which made money on #MEME coins.

It seems that the more #MEME coins you trade, the easier it is to lose money.

Let's see how they trade on #MEME coins.👇 Image
2/ @Vince_Van_Dough spent 90 $ETH($167K) to buy 96B $PEPE at $0.000001736.

Then sold 90B $PEPE for 96 $ETH($174K) at $0.000001935.

The profit is ~$18K.

debank.com/profile/0x0f0e… Image
3/ @ohhshiny bought a total of 700.66B $PEPE with 326 $ETH($610K) at $0.000000870 and sold 479.91B $PEPE for 496 $ETH($956K) at $0.000001991.

And currently holds 220.75B $PEPE($385K), the profit is $731K.

debank.com/profile/0xd751… ImageImage
Read 10 tweets

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