Over the past 30 days, crypto researcher @ThorHartvigsen has been keeping an eye on VC funds and smart investors 🔎
Many of these investors have assets worth over $100 million 🐳.
Here is a complete overview of recent buying and selling by large whale investors 💰
1️⃣ Arca (Venture Capital Fund)
Last 30 days:
- Buy $350,000 GNS | Entry Price: $7.06
- Buy $4.1M DYDX | Entry Price: $2.22
- Sold $3.5M GMX | Average price ~$74.6.
- Sell $1 million RDNT at an average price of about $0.41. Previously bought in February at an average price of $0.277.
- Sold $600,000 of DPX for an average price of $315. Previously bought in February for an average price of $391.
Arca Fund wallet
The Arca fund still holds $1.6 million worth of GMX, having bought heavily in January and February when prices were in the $40-$70 range.
Their current largest positions are USDT , DYDX and GMX in that order.
2️⃣ Arthur Hayes
Arthur has acquired LDO in 2022 for an average price of $2.53.
- Sold his entire 758k LDO ($1.9m value) for $2.42.
Arthur still holds:
- 17.5 million USD ETH
- $15.7 million GMX
- $3.2 million ENS
- $1 million FXS
- $750,000 WILD
... above, just put it in the wallet we all know.
3️⃣ Andrew Kang
Interestingly, ARB is the only larger spot investment among Kang’s 3 traceable wallets.
- Bought $800,000 of ARB for $1.25 on April 4.
- Bought $1.51 million ARB at $1.23 on April 5.
ARB Wallet:
- 0xe8c19db00287e3536075114b2576c70773e039bd
Andrew Kang wallet
Kang is also actively trading on GMX and Kwenta and has historically made a lot of profits but also incurred a lot of losses.
He currently holds ETH and BTC , using 25-50 times leverage, with a total market capitalization of about $1.5 million.
4️⃣Dragon Fly Capital
Dragonfly appears to have sold various assets in March:
- Received $12 million LDO in July 2022. The funds had been sitting idle in a wallet but were moved in early March.
- On March 1st and 21st, $5.7 million in LDO were gradually sold on OKX .
- 8.3 million Matic(worth $10.2 million) were also sold on March 3.
- and 80k AAVE($5.9M value) .
Dragonfly LDO unlocking situation
Dragonfly still holds 21.1 million LDO(valued at $56 million) , and will unlock an additional 10 million LDO during an investor round on August 25.
Note: Tokens are sent to a centralized exchange (CEX), there is no guarantee that they have been sold (although this is usually the case).
5️⃣ GoldenTree (venture capital fund)
- GoldenTree purchased 5.9 million SUSHI during September/October 2022 at an average price of $1.24 per SUSHI.
- On March 23, 5 million SUSHI was sent to Binance , where it could be sold for $1.04.
- The remaining 900,000 SUSHI were sent to an unmarked wallet.
6️⃣ Other activities worthy of attention
🐳 Republic Capital transferred 24.5M Matic(worth $27M) to Coinbase (possibly for sale) on March 16th.
- This amount was previously received from the Polygon ecosystem development wallet in January of this year.
🐳 0xSisyphus bought $200,000 LDO($480,000 value) for $2.47.
🐳 Wintermute purchased a $2.5 million LDO in April (worth $6 million)
- Probably for market making purposes, as this wallet often sends LDO to various CEXs.
The biggest events of the past 30 days are these ⚡️
Here are some tools to help with this goal:
- Debank
- Nansen
