FenbushiCapital
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ZKEX.com raises $2.5M in a Seed funding round
#ZKEXcom secures $2.5M in a funding round from #FenbushiCapital , #NGCVentures , #CryptocomCapital , #IDGCapital , #Hyperithm, #RockTreeCapital, #OpticCapital, #L2InerativeVentures and #MoonhillCapital
ZKEX.com is a decentralized exchange (DEX) platform that facilitates trading of native assets across multiple blockchains directly from users' self-custodial wallets. The platform uses zero-knowledge technology to ensure security and efficiency in transactions, operating on an aggregated Layer 3 (L3) infrastructure.
#ZKEXcom secures $2.5M in a funding round from #FenbushiCapital , #NGCVentures , #CryptocomCapital , #IDGCapital , #Hyperithm, #RockTreeCapital, #OpticCapital, #L2InerativeVentures and #MoonhillCapital
ZKEX.com is a decentralized exchange (DEX) platform that facilitates trading of native assets across multiple blockchains directly from users' self-custodial wallets. The platform uses zero-knowledge technology to ensure security and efficiency in transactions, operating on an aggregated Layer 3 (L3) infrastructure.
Fenbushi Capital Offloads Crypto Assets Amidst Significant Losses
Fenbushi Capital, a prominent venture capital firm in the blockchain space, has recently made headlines for a substantial sale of crypto assets. According to blockchain analytics firm Lookonchain, the firm liquidated a portfolio valued at approximately $5.14 million on October 1.
Breakdown of the Sale:
The assets sold included a diverse range of tokens:
136,094 EIGEN (approximately $514,000)146,537 UNI (approximately $1.13 million)10.17 million SNT (approximately $244,000)10,681 COMP (approximately $509,000)11,616 AAVE (approximately $1.9 million)344,086 SUSHI (approximately $276,000)219 ETH (approximately $576,000)
Significant Losses:
The sale appears to have resulted in significant losses for Fenbushi Capital. Notably, the firm incurred substantial losses on:
SUSHI: A loss of $2.44 million, representing a -90% decline.COMP: A loss of $2.27 million, representing an -82% decline.UNI: A loss of $1.53 million, representing a -42% decline.AAVE: A loss of $499,000, representing a -15% decline.
Potential Reasons and Implications:
While the exact reasons behind this sale remain speculative, several potential factors could be contributing to Fenbushi Capital's decision:
Market Correction: The broader cryptocurrency market has been experiencing a downturn in recent months, which could have prompted the firm to reevaluate its holdings.Portfolio Rebalancing: Fenbushi Capital might be adjusting its portfolio to allocate more capital to other projects or sectors within the blockchain ecosystem.Risk Management: The firm may be seeking to reduce its exposure to certain tokens or projects that it perceives as high-risk.
This significant sale by Fenbushi Capital highlights the volatile nature of the cryptocurrency market and the potential risks associated with investing in digital assets. It also serves as a reminder that even experienced players in the industry can face substantial losses.
Stay tuned for further updates as more information becomes available regarding Fenbushi Capital's strategic decisions and the broader implications of this sale for the cryptocurrency market.
$SUSHI $COMP $UNI
#BinanceLaunchpoolHMSTR #EIGENonBinance #FenbushiCapital #BTCDROPING #BTCPredictedNewATH
Breakdown of the Sale:
The assets sold included a diverse range of tokens:
136,094 EIGEN (approximately $514,000)146,537 UNI (approximately $1.13 million)10.17 million SNT (approximately $244,000)10,681 COMP (approximately $509,000)11,616 AAVE (approximately $1.9 million)344,086 SUSHI (approximately $276,000)219 ETH (approximately $576,000)
Significant Losses:
The sale appears to have resulted in significant losses for Fenbushi Capital. Notably, the firm incurred substantial losses on:
SUSHI: A loss of $2.44 million, representing a -90% decline.COMP: A loss of $2.27 million, representing an -82% decline.UNI: A loss of $1.53 million, representing a -42% decline.AAVE: A loss of $499,000, representing a -15% decline.
Potential Reasons and Implications:
While the exact reasons behind this sale remain speculative, several potential factors could be contributing to Fenbushi Capital's decision:
Market Correction: The broader cryptocurrency market has been experiencing a downturn in recent months, which could have prompted the firm to reevaluate its holdings.Portfolio Rebalancing: Fenbushi Capital might be adjusting its portfolio to allocate more capital to other projects or sectors within the blockchain ecosystem.Risk Management: The firm may be seeking to reduce its exposure to certain tokens or projects that it perceives as high-risk.
This significant sale by Fenbushi Capital highlights the volatile nature of the cryptocurrency market and the potential risks associated with investing in digital assets. It also serves as a reminder that even experienced players in the industry can face substantial losses.
Stay tuned for further updates as more information becomes available regarding Fenbushi Capital's strategic decisions and the broader implications of this sale for the cryptocurrency market.
$SUSHI $COMP $UNI
#BinanceLaunchpoolHMSTR #EIGENonBinance #FenbushiCapital #BTCDROPING #BTCPredictedNewATH
@lookonchain
#FenbushiCapital lost $2.44M(-90%) on $SUSHI , and $2.27M(-82%) on $COMP, $1.53M(-42%) on $UNI and $499K(-15%) on $AAVE!
3 hours ago, #Fenbushi Capital sold $5.14M assets at a loss, including:
136,094 $EIGEN ($514K)
146,537 $UNI($1.13M)
10.17M $SNT ($244K)
10,681 $COMP($509K)
11,616 $AAVE($1.9M)
344,086 $SUSHI ($276K)
219 $ETH($576K)
#FenbushiCapital lost $2.44M(-90%) on $SUSHI , and $2.27M(-82%) on $COMP, $1.53M(-42%) on $UNI and $499K(-15%) on $AAVE!
3 hours ago, #Fenbushi Capital sold $5.14M assets at a loss, including:
136,094 $EIGEN ($514K)
146,537 $UNI($1.13M)
10.17M $SNT ($244K)
10,681 $COMP($509K)
11,616 $AAVE($1.9M)
344,086 $SUSHI ($276K)
219 $ETH($576K)
