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Lookonchain Profile picture
@lookonchain
Jun 15 • 9 tweets • 8 min read Twitter logo Read on Twitter
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1/
#USDT depegged today!

What happened?

A thread.🧵 Image
2/
About 12 hours ago, whale"0x3356" created a new address to deposit 52.5M $USDC and borrowed 40M $USDT on #Aave and #Compound.

Then he started depositing 40M $USDT into #Coinbase and #Kraken 6 hours ago. ImageImage
3/
$USDT started depegging after whale"0x3356" deposited $USDT to exchanges.

And whale"0x3356" withdrew 25M $USDC from #Coinbase 4 hours after depositing $USDT.

etherscan.io/address/0x3356… ImageImage
4/
And about 5 hours ago, 2 whales sold a total of 9.6M $USDT at a similar time. ImageImage
5/
After #USDT depegged, CZSamSun shorted $USDT on #AaveV2 4 hrs ago.
ImageImage
6/
Whale"0xd275" started to borrow $USDC from #Aave and #Compound and buy $USDT for arbitrage after CZSamSun shorted $USDT.

$USDT started back to the peg.
ImageImage
7/
But due to multiple FUDs, whales keep dumping $USDT.

$USDT further depegged.

etherscan.io/address/0xd0b0…

etherscan.io/address/0xfbde… ImageImageImage
8/
With the reduction of FUDs, arbitrageurs began to buy $USDT for arbitrage, and $USDT is gradually returning to the peg. ImageImage
9/
Follow @lookonchain and turn on notifications, or join our telegram group to receive alpha information.
t.me/lookonchain

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More from @lookonchain

Lookonchain Profile picture
Jun 13
196M $BLUR ($62.3M) will be unlocked tomorrow, ~40% of the circulating supply.

Bullish or Bearish?

Are SmartMoneys and whales buying or selling recently?

1.🧵

Thread. Image
2.
According to the data from Token Unlock,

115,.68M $BLUR(36.8M) will be unlocked to past and future core contributors.

75.4M $BLUR($24M) will be unlocked to investors.

4.9M $BLUR($1.56M) will be unlocked to advisors.

token.unlocks.app/blur Image
3.
@blur_io has raised $14M with investors including @paradigm, @punk6529, @CozomoMedici, @dhof, @krybharat, @Zeneca, and more.


And @blur_io closed a new funding round of $15M-$30M in February at a $1B valuation.
theblock.co/post/210668/nf…
Read 8 tweets
Lookonchain Profile picture
Jun 12
1/ A whale that has been dormant for 2 years sold 10,000 $BNB ($2.3M) at $230 today.

This whale was a #SAFEMOON whale before and made 110K $BNB ($47.5M at that time) with only 10 $BNB($2,400 at that time) on #SAFEMOON. ImageImage
2/ Whale"0x86b6" transferred 10 $BNB to #SafeMoon and received 100T #SAFEMOON.

Then the whale dumped most of the #SAFEMOON for ~110K $BNB($47.5M at that time) at the price high. ImageImageImageImage
3/ Then he transferred 25K $BNB to whale"0x9e64" in June 2021 and has held 25K $BNB until now.

Whale"0x9e64" currently has $15K $BNB ($3.5M) left. Image
Read 4 tweets
Lookonchain Profile picture
Jun 12
1/ The founder of Curve.fi always deposits $CRV to #Aave and borrows $USDC& $USDT.

He deposited 291M $CRV (34% of the Circulating Supply) on #Aave and borrowed $65M $USDT & $USDC now.

Let's take a thread to see where these $USDT and $USDC were transferred to. ImageImage
2/ Let's start with a summary.

- 37.7M $USDT was deposited to #Bitfinex;

- 51M $USDC was transferred to Wintermute Trading;

- 14.2M $USDT was used to buy ETH and USDC during the USDC depegging.
3/ Curve.fi Founder deposited a total of 37.7M $USDT to #Bitfinex.

Among them, 31M $USDT was transferred to #Bitfinex from April 10th to April 14th.

At that time, the price of $BTC rose above $30,000.

etherscan.io/token/0xdac17f… ImageImage
Read 8 tweets
Lookonchain Profile picture
Jun 9
Whale"0x31f5" spend 250K $USDC to buy 227B $PEPE at $0.0000011 again 2 hrs ago.

The whale spent a total of 3.25M $USDC to buy 2.81T $PEPE.

The on-chain data shows that this whale is the SmartMoney who made ~$11.47M on $PEPE before!

1.🧵

A thread
Image
2.
Do you remember this SmartMoney"0x9e03"?

He spent 422 $ETH ($871K) and 200K $USDC to buy 4.23T $PEPE from Apr 19 to Apr 27.

And deposit $PEPE into #Binance after the listing on #Binance.

Then his other address"0x24b0" withdrew 12.54M $USDT from #Binance. ImageImage
3.
So the SmartMoney selling all $PEPE probably get 12.54M $USDT in the end, and the profit is $11.47M!
Read 7 tweets
Lookonchain Profile picture
Jun 7
The BNB Bridge Exploiter who steal ~2M $BNB($600M) has 924,821$BNB($249M) deposited on @VenusProtocol.

The health rate is $1.23.

When the price of $BNB dropped to $220, it will be liquidated.

Hope the exploiter can see it and repay the loan or increase the deposit in time. Image
Address
debank.com/profile/0x489a…

Check this tweet to learn about the BNB Bridge Hack.
From @Noah_nftn
Read 4 tweets
Lookonchain Profile picture
Jun 7
1/ Arthur Hayes(@CryptoHayes) deposited 75K $USDC into #Coinbase after he tweeted he was going to buy shitcoins.

🧵
Let’s take a thread at which coins Arthur Hayes currently holds. ImageImage
2/ Here are the tokens held by Arthur Hayes' 2 addresses starting with "0xA86e" and "0x534A":

- 6,943 $ETH($13M)
- 200,580 $GMX($10.72M)
- 239,628 $ENS($2.25M)
- 17M $LOOKS($1.4M)
- 1.96M $WILD($966K)
- 105,814 $FXS($655K)
- 266,393 $SUSHI($200K)
… ImageImageImage
3/ Check out my previous tweets about which coins Arthur Hayes holds on Feb 8.
Read 7 tweets

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