Jones

Co-founder and Head of Research at @theData_Nerd

[The Data Nerd @OnchainDataNerd]

@cryptoquant_com x @theData_Nerd

To celebrate our partnership, we decided to co-host an education workshop for communities.

🎙 Topic: On-chain Trading 101
⌛️ Time: 1:00 PM (UTC), 12/01
🎁 10 CryptoQuant accounts for participants

👉 SAVE YOUR SLOT NOW: https://t.co/c40UO2Id59

[The Data Nerd @OnchainDataNerd]

4 hours ago, Framework Ventures deposited 99M $GRT ($7M) to @GSR_io immediately after receiving token vesting.

They also unlocked 4,8M $DODO ($500K) and then sent it to @falconxnetwork.

[The Data Nerd @OnchainDataNerd]

This week, @krakenfx has unstaked 23,5M $MATIC and deposited it back to the exchange.

This is similar to the FTX incidence back in Nov, with 60M outflow in 2 weeks.

[The Data Nerd @OnchainDataNerd]

During large outflow from exchanges, there is always an entity sending millions of stablecoin in (to help?):

• For FTX, it is Alameda.
• For Binance, they are Wintermute/Jump Trading.
• For Huobi, it is Justin Sun.

Watching them can give great insights into the situation.

[The Data Nerd @OnchainDataNerd]

Found out some more $LDO vesting recipients using the pump to take profit.

0xf89 received 3,5M from another wallet and continued to dump on DEX for a total of 500K today.

0x1f38 has also deposited 900M $LDO to @binance since Dec 2022, with 300K yesterday.

[The Data Nerd @OnchainDataNerd]

Spotted Arca buying $GMX from @1inch and @uniswap since Dec 20.

After the GMX Whale was hacked, they accumulated another 8,5K ($350K)

Their average entry is around $42.

[The Data Nerd @OnchainDataNerd]

With the recent hype for LSD, one wallet has been increasingly dumping $LDO on DEX.

Today, it has sold a total of 1.3M, with another large selling on Dec 27th at the local top.

This wallet received 25M $LDO ($26M) unlocked on Dec 18th, 2020.

[The Data Nerd @OnchainDataNerd]

Another one has deposited 20K $QNT ($2M) to @binance.

This wallet is different from the 7 wallets I notified two hours ago, as it just bought $QNT 3 days ago (entry $115)

If sold now, it will suffer a loss of 11%.

[The Data Nerd @OnchainDataNerd]

1 hour ago, 7 different wallets sent a total of 103K $QNT ($15,5M) to @coinbase.

They have the same behaviors, first accumulated in Jul, 2021 (entry around $70 - $72)

With an average 24H volume of $20M, this could severely impact the price.

[The Data Nerd @OnchainDataNerd]

2 hours ago, the fourth largest $APE staker, sent 600K ($2,1M) to @binance.

This is partly the reward from staking, which it accumulated since Dec 15th, at a total of 240K $APE ($850K)

The rest is withdrawal from the pool.

It still has 2.1M $APE ($7,5M).

[The Data Nerd @OnchainDataNerd]

ONCHAIN GEM: @dopex_io

$DPX is currently receiving a lot of attention in the @arbitrum ecosystem.

Similar to $GMX, I am seeing some strong accumulation.

Let's dive deeper into the data 👇

[The Data Nerd @OnchainDataNerd]

After a month of accumulating $HFT of @hashflow from exchanges, Jump has deposited again.

In the last 8 hours, they have sent 750K ($230K) to @binance and @Bybit_Official.

The amount is not much but this could indicate more selling in the upcoming days.

[The Data Nerd @OnchainDataNerd]

Token unlock is and will remain a hot topic in 2023.

Today, I will take a look at the monthly unlock of $C98 of @coin98_wallet.

Are the VC and investors dumping or hodling? 👇

Data by @nansen_ai

[The Data Nerd @OnchainDataNerd]

An unknown VC has been depositing 1M $UNI ($5,2M) to @falconxnetwork in the past week.

They received 9M $UNI on Mar 6, 2021 (worth $250M then) through unlock.

After holding it for 1,5 years in multiple wallets, this is the first time they send it to an exchange.

[The Data Nerd @OnchainDataNerd]

$PLS of @PlutusDAO_io continues to be accumulated hard.

0x0db, a Smart NFT Hodler, has been buying since Dec 12th, with total balance of 145K (40K)

0xc1a has bought 161K ($43K) since Dec 15th on @1inch.

0x276 got 103K ($27K) in three days from Dec 18th to 20th.

[The Data Nerd @OnchainDataNerd]

On Dec 20th, 0xd33 unstaked a record 9,1M $DYDX ($11M) from the safety pool.

I believe this is a wallet of Wintermute Trading.

It then sent all to 0x2a9, followed by 1,3M $DYDX to 0xdbf which is tagged by @nansen_ai as Wintermute.

Are they preparing to sell?

[The Data Nerd @OnchainDataNerd]

7 hours ago, wallet 0x2e3 deposited 4,6M $MATIC ($3,7M) to @binance to take profit.

It received from multiple wallets which bought on Binance in 2019 (around $0,01 - $0,015).

The use of fresh wallets to accumulate also indicates a sophisticated investor.

Better watch out!

[The Data Nerd @OnchainDataNerd]

Within 1 month, @bitfinex has moved a total of 860K $ETH ($1B) to 30+ newly created wallets.

They all have only one received transaction from the exchange, and nothing else.

Either a massive whale is accumulating hard, or Bitfinex is doing something weird.

[The Data Nerd @OnchainDataNerd]

THE WEEKLY WHALE #01

This week, we will begin with a new on-chain series to uncover new trends and project alpha in the space.

For the first edition, we focus on Binance, L2 activity, and on-chain accumulation of several projects.

Let's dig in 👇

[The Data Nerd @OnchainDataNerd]

Interestingly, today is the biggest day $BNB got net borrowed on @VenusProtocol in a week, at 23K ($5M)

This is presumably used to short.

$BNB Netflow to @binance is also positive with 50K ($11M), also the highest this week.

Data on @DuneAnalytics