Share this page!

Enter Twitter Thread URL to Unroll

Needs to be the full URL like: https://twitter.com/threadreaderapp/status/1644127596119195649

How to get URL link on Twitter App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Lookonchain Profile picture
@lookonchain
May 29 • 8 tweets • 8 min read Twitter logo Read on Twitter
Scrolly
1/ Note that 249.8M #1INCH ($100M) will be unlocked after 3 days, 16.65% of the total supply.

Will this lead to a huge sell-off in the market?

A thread. 🧵 Image
2/ The data shows that the price of #1INCH has dropped for a long time after the first 3 unlocks.

The price drop after the 2nd unlock was also affected by the UST/LUNA crash.

However, the price drop after the 1st and 3rd unlocks is largely due to the sell-off after unlocking. ImageImageImage
3/ Some investors will deposit to the exchange to sell after obtaining the unlocked #1INCH.

For example, addresses starting with "0xbBCD" (related to Alameda) deposited #1INCH to exchanges immediately after unlocking.

etherscan.io/token/0x111111… ImageImage
4/ Some investors will not sell after #1INCH is unlocked, including Binance Labs and Pantera Capital.

etherscan.io/token/0x111111…
etherscan.io/token/0x111111… ImageImage
5/ Let's check #1INCH's financing.

Investors in the Seed and Series A rounds will receive 19.5% of the total supply, so the average cost is ~$0.05.
blog.1inch.io/1inch-token-an…

$175M was raised in the Series B Round, the token sale price is $1.5.
coindesk.com/business/2021/… ImageImage
6/ The price of #1INCH today is $0.4.

According to the speculated token sale price, Seed and Series A investors will receive 8x of their initial investment, but Series B investors will lose 73% of funds.

If the token sale price is wrong, anyone can correct it here. @1inch Image
7/ According to @1inchSupport, the unlock time is the first of the month.

So starting from June 1st, investors can claim #1INCH tokens.

Please pay attention to whether #1INCH flows into the exchanges after unlocking.
8/ And you can check my previous tweets:

Follow @lookonchain and turn on notifications, or join our telegram group to receive alpha information.
t.me/lookonchain

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Lookonchain

Lookonchain Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @lookonchain

Lookonchain Profile picture
May 25
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
Read 6 tweets
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

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(