<Wintermute is continuing to sell off large amounts of $ETH >
According to data provided by Arkham, the well-known market maker Wintermute seems to be selling a large amount of ETH.
The picture below only captures part of the records for reference:
Usually if the project party wants to accumulate tokens, it will transfer the tokens from the exchange to the wallet on the chain, and if it wants to sell the tokens, it will transfer the tokens to the centralized exchange.
(Because the liquidity of centralized exchanges is usually better)
In addition, the address 0x13D5CfC9758060C2977406c3532200D095f91F9F, which seems to belong to Wintermute, also unlocked a large amount of stETH from Lido on 8/28, exchanged it for ETH, and deposited part of the $ETH into the centralized exchange (about 15M). There are currently about 35.6M ETH in this address.
It can be found that he deposited it into various exchanges, and the Ethereum Foundation also sold $ETH a few days ago, so I guess Wintermute is likely to reduce its holdings of $ETH .
I mentioned before that the total amount of $SLF increased, but I saw that many friends did not notice it.
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<span will be exchanged for $SLF, and the whales seem to be taking the opportunity to sell> Frontier Wallet, the project owner of $FRONT, announced on June 16 that it will rebrand and change it to Self Chain. It was announced on 8/19 that it will be opened on 8/27, with $FRONT 1:1 replacing the new token $SELF. There was a small rise when the news was announced, but a certain whale on the chain transferred approximately $2.5 million worth of $FRONT to the exchange at this time. These tokens he had accumulated over the past few months. Usually if the project party wants to accumulate tokens, it will transfer the tokens from the exchange to the wallet on the chain, and if it wants to sell the tokens, it will transfer the tokens to the centralized exchange. (Because the liquidity of centralized exchanges is usually better) Although he may have deposited it into the exchange because of the convenience of replacement, I think he may have wanted to stop his losses. I think there are two reasons: 1. This is considered a good news. Generally speaking, if you buy in the rumor and sell in the news, there is a high chance that the price will fall after the good news is gone. He is likely to find a good time to sell in these days. 2. Although it is a 1:1 sell-off, the total circulation has changed from 1 million to 3.6 million, which means that the market value has been diluted, so it is actually negative in the long run. Therefore, I think if there is an opportunity to build a position at the bottom in the past few days, you can consider participating, but it is not recommended to hold it for a long time. Stop the loss when it is necessary.
<span will be exchanged for $SLF, and the whales seem to be taking the opportunity to sell> Frontier Wallet, the project owner of $FRONT, announced on June 16 that it will rebrand and change it to Self Chain. It was announced on 8/19 that it will be opened on 8/27, with $FRONT 1:1 replacing the new token $SELF. There was a small rise when the news was announced, but a certain whale on the chain transferred approximately $2.5 million worth of $FRONT to the exchange at this time. These tokens he had accumulated over the past few months. Usually if the project party wants to accumulate tokens, it will transfer the tokens from the exchange to the wallet on the chain, and if it wants to sell the tokens, it will transfer the tokens to the centralized exchange. (Because the liquidity of centralized exchanges is usually better) Although he may have deposited it into the exchange because of the convenience of replacement, I think he may have wanted to stop his losses. I think there are two reasons: 1. This is considered a good news. Generally speaking, if you buy in the rumor and sell in the news, there is a high chance that the price will fall after the good news is gone. He is likely to find a good time to sell in these days. 2. Although it is a 1:1 sell-off, the total circulation has changed from 1 million to 3.6 million, which means that the market value has been diluted, so it is actually negative in the long run. Therefore, I think if there is an opportunity to build a position at the bottom in the past few days, you can consider participating, but it is not recommended to hold it for a long time. Stop the loss when it is necessary.
<span Fund is repurchasing a large amount of $1inch>
The 1inch fund bought a large amount of $1inch on 8/20.
And through their token holding history, we can see that around the end of May, their token holdings increased significantly, and they have continued to accumulate 1inch tokens in the past few months.
Then according to their asset list, we can find that the $1inch token is only their fourth largest asset, and the first two are stablecoins. Moreover, 1inch has not released any particularly good or bad news recently. Perhaps we can simply guess that there may be some good news in the future.
<$DOGS will be listed on multiple exchanges soon, $TON and $NOT may also have some opportunities> Telegram's recently popular DOGS will be listed on multiple exchanges at 12:00PM (UTC) on 8/20.
DOGS is a project that calculates how long Telegram users have been registered to reward points. Currently, there are 41 million accounts in use, which is a very large number of users. And in the future, many similar projects were launched on Telegram. As can be seen from the picture below, at around 6 p.m. on August 14, after the news was announced, both $TON and $NOT surged upward. Then, after a few hours of emotional digestion, the currency price of $TON still maintained well, but $NOT has almost returned to its starting point.
DOGS is a project that calculates how long Telegram users have been registered to reward points. There are currently 41 million accounts in use, which is a very large number of users. And in the future, many similar projects were launched on Telegram. As can be seen from the chart below, at around 6 p.m. on August 14, after the news was announced, both $TON and $NOT surged upward. Then, after a few hours of emotional digestion, the currency price of $TON still maintained well, but $NOT has almost returned to its starting point.
However, many people may not know that $DOGS actually gives special airdrops to users who pledge $NOT, so they are actually very closely related. Then there are still a few days until $DOGS is officially launched, and their details have not been announced yet. I think there are still some short-term opportunities to ambush, and then sell when the official good news arrives. Buys in the rumor, Sells in the News. From the perspective of the project side, it is unlikely that all the good news will be released in one wave.
Solana/Ton/Aptos/Avalanche perform strongly on the chain
In the context of the global economic collapse caused by the Japanese yen interest rate hike on 08/05, the prices and TVL of almost all cryptocurrencies have experienced an avalanche decline. However, in 08/06, almost all rebounded immediately. Although the subsequent overall economic development is still unclear, we can find several particularly strong blockchain ecosystems from the data on the chain. Here is the data from DefiLlama: From the one-month TVL change and the one-day TVL change, we can find that within a month, the only TVLs that have grown are Solana, Avalanche, Scroll (but it has not issued coins yet, so we will not discuss it), and Aptos.
An address belonging to Coinlist is depositing large amounts of $ONDO to the centralized exchange. On 08/01, nearly $5.2 million in $ONDO was deposited.
In addition, according to Scopechat data, a large amount of $ONDO was transferred to centralized exchanges from 08/01 to 08/06. Usually if the project party wants to accumulate tokens, it will transfer the tokens from the exchange to the wallet on the chain, and if it wants to sell the tokens, it will transfer the tokens to the centralized exchange. (Because the liquidity of centralized exchanges is usually better)
Coupled with the recent overall weakening trend in the overall economy, it is very likely that it is all selling. However, $ONDO is the leader in the RWA sector, and its fundamentals are very strong. Perhaps we can observe whether there are addresses that start to accumulate tokens on the chain after the market stabilizes. Or gradually accumulate in the form of regular quotas, which is also a relatively conservative approach. (Actually, from the picture above, you can find that on 08/05, someone had already started to accumulate a small amount of $ONDO)
If you have the spot copycat, it is recommended to go short $BTC Or $ETH or even $SOL for hedging Because the U.S. stock market is plummeting now, it is not a good time to be radical.
Continuing the previous article, this article will introduce to you the FLOW public chain and recent related news. FLOW is a public chain founded by Dapper Labs, whose predecessor launched the popular blockchain game CryptoKitties in 2017. It can be seen that the main members of FLOW are all web3 OG level. In addition, according to RootData’s data, it can be found that many of FLOW’s investors are very famous VCs in Web3, including: A16z, Animoca Brands, Multcoin Capital, etc.
And the most important thing is that all the tokens of these VCs have been unlocked, so if they really want to cash out in the short term, they must first raise the token price. This may also be an opportunity for us to ambush.
If you have been in the industry for a long time, you should have heard of FLOW, an L1 public chain. During the last wave of the bull market, NBA Top Shot began to attract everyone's attention, and then it became popular due to the NFT and GameFI craze. However, due to the NFT and GameFI craze, the currency price of $FLOW has continued to fall, and now it is only about 20% of its high point. However, according to data from DefiLlama, the TVL of $FLOW has recently reached a new high in the past two years, but the market value has not yet responded. I think this may be a potential opportunity.
Refer to the figure below. The green line is market capitalization and the blue line is TVL.
$FLOW Something big is going to happen The Flow public chain, which was a hot spot in the last bull market, is now almost completely unlocked. It has been performing very strongly recently and is preparing for something big to come.