What a smart DeFi “whaler” needs to do is to watch the tide by the sea.
Original title: “Which coins did giant whales like a16z, Alameda, Vitalik, etc. buy?” 》
Written: 0x26
In the domestic stock market, there is a “Dragon Tiger List” that reveals the trading volume rankings of popular stocks. The three major commodity futures exchanges will announce the cumulative open interest and daily trading volume information of various types of futures companies after the close. It can be said that, compared with cryptocurrency trading platforms, mature markets have a sound information disclosure mechanism.
Dalian Commodity Exchange iron ore 2101 contract December 4 data
At the same time, the centralized trading platform has been criticized by some users for its black-box operation and “data pin” behavior. In the DeFi world, everything is done on the chain, in other words, the world on the chain is completely transparent. As ” Hunting: What Do the Giant Whales Under the DeFi Token Plunge ” once demonstrated, if the world on the chain is compared to the sea, the huge amount of funds in the “Giant Whale” activity will definitely trigger the aftermath of the “Chain Sea”. In many cases, what a astute “whaler” needs to do is to watch the tide from the sea and browse the information on the chain to assist in decision-making.
This article will focus on analyzing the known Ethereum addresses of some institutions and well-known “Whales” in the past/current use, and introduce related tools to help you clarify the world below sea level with “eyes” in the ocean of DeFi.
Rhythm Note: The following content comes from Twitter user Nick Chong and community speculation, and does not constitute investment advice.
Institution address and position
a16z
Related address: 0x05e793ce0c6027323ac150f6d45c2344d28b6019
One of the wallets of top investment institution a16z, the wallet address has also been marked as a16z on Etherscan. At present, there are 50,000 MakerDAO token MKR worth about 28.5 million U.S. dollars, 370,000 Synthetix token SNX worth about 1.9 million U.S. dollars, and 97,000 Augur tokens REPv2 worth about 1.6 million U.S. dollars.
On-chain transfer
It can be seen from the transfer of funds on the chain that a16z has very few transactions, and the most recent token transfer needs to be traced back to 100 days ago. Rhythm found that this address of a16z is also the address with the least transactions on the chain in this article.
Polychain
Related address: 0xBcd5000F5c522856E710c5d274bb672B2f2EefBf
Polychain has recently been most praised for its continuous purchase of yearn.finance (YFI). This address received 329 YFIs transferred from Binance on October 17th at a price of $14,000. The last part is On November 9th, 140 YFIs were transferred to this address, and the price at that time was US$15,000 (the transfer is not equal to the purchase price). The purchase activity of this address has always attracted the attention of a large number of Twitter users. At the same time, Polychain’s address also holds 48,000 Ethereum, worth about 28 million US dollars.
Recently, Polychain transferred part of more than 1,300 MakerDAO token MKR held by this address to the trading platform
Jump Trading
Jump has been operating since 1999 and is the world’s top market-making and asset high-frequency trading company. The company is also known for its high level of confidentiality, with little information about its business on its website. The company is active in the crypto market, providing liquidity for trading platforms, and in 2018 provided liquidity for Robinhood’s crypto division. Its sister company Jump Capital is an active investor in the crypto market. According to Ludong, it has previously supported companies such as BitGo, Bitnomial, Bitso, and Curve.
Related address: 0xf584f8728b874a6a5c7a8d4d387c9aae9172d621
There are currently about 40 million USD worth of Serum tokens in Jump’s Ethereum address, which may be related to its investment in Serum. At the same time, Rhythm found that Jump also holds 26,000 Ethereum, valued at 15 million U.S. dollars; it holds Keep Network and Compound tokens worth about 20 million U.S. dollars.
It can be seen that Jump’s on-chain activities are relatively frequent, and the most recent on-chain transfer was USD 56,000 to Binance
Well-known users
Vitalik Buterin
Related address: 0x1db3439a222c519ab44bb1144fc28167b4fa6ee6
This is Vitalik’s address. Etherscan is officially marked as Vb2. It is also the address where Vitalik sends Ethereum tokens to the Ethereum 2.0 pledge contract. In addition to holding 1,000 Ethereum, this address also holds the prediction market Augur token REP and Maker token MKR. The above two Ethereum projects are all important members of the Ethereum ecology that Vitalik appreciates and often talk about. It is worth noting that Rhythm has seen from the address that Vitalik also holds a large amount of Augur’s US election prediction token nTrump. When the delivery conditions are triggered, for example, Trump cannot be re-elected, the nTrump token price will be delivered at $1, and The price of yTrump tokens is $0.
Alameda Research (SBF)
Related address: 0x477573f212a7bdd5f7c12889bd1ad0aa44fb82aa
This address is one of the addresses of Alameda Research, and it is also the address where a large number of FTT has been pledged to replace YFI mentioned in the reference reading. According to Etherscan, the address currently holds about 156 Ethereum and Serum token SRM worth 350,000 USD. But this is far from the full picture of this address. In fact, this is a wallet address worth nearly 100 million U.S. dollars. However, due to the limitations of Etherscan (the value of LP token and Staking token is not shown), it only shows the actual token. Other assets of this address will be further analyzed and displayed in the following text.
Huang Licheng
Related address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
According to Twitter netizens, this address is the address of Mithril, Cream.Finance and SWAG.Finance founder Huang Licheng. This address holds a large amount of Cream tokens (currently valued at approximately 10 million U.S. dollars) and staking them on the Cream.Finance platform. Similar to the situation above, the market value of this part of the tokens will not be displayed on Etherscan.
This address is also one of the first users to purchase KP3R
Just as only ingredients and no cooking skills are not enough to cook delicious dishes. Only the addresses that need to be observed are actually far from enough. Manually refreshing the addresses for a long time is an extremely inefficient way. At this time, it is necessary to introduce on-chain analysis tools. The tools for simplification/quantification of addresses and data will be introduced below.
Related tools
DeBank
The decentralized financial portal DeBank not only provides the total lock-up volume (TVL) data of various projects, but also provides the wallet tracking function that has always been important. Users can access DeBank through the wallet address to view account assets, or enter other addresses to track. DeBank provides batch registration of different addresses. In short, users can track DeFi assets of multiple accounts. The same type of products include Zapper and Zerion. The picture below shows the Alameda address. Etherscan only shows a total of more than 400,000 US dollars in assets. By using DeBank and other DeFi management software, you can see its “true face”. This situation also applies to the large number of Cream tokens above. the address of.
Telegram bot
Users who are familiar with using Telegram can try to use channels similar to UniWhales.io to observe Uniswap’s huge transactions on the chain, and use TrackTX to focus on chain activities on specific addresses or contracts.
to sum up
Not only to observe addresses and their behaviors, users can also summarize the “values” of different wallets. The above addresses show the strong investment styles of different institutions/individuals, and some addresses have great analytical or practicality. Researching addresses or project contracts in the DeFi era will draw many interesting conclusions. For example, by studying WBTC holding addresses and concentration levels, users can have a deeper understanding of the current development of DeFi.
There are two ways to observe the data. The first is to learn about new projects and new ideas based on queries and tracking addresses that you are familiar with; the second is to help you make decisions by studying the addresses of specific currencies. The purpose of this article is to start a discussion. More meaningful tools and methods of observing data on the chain are waiting for users to research and explore.
Compared with Dune Analytics’ market overview attributes, this article intends to provide a more detailed way to observe the market. The cryptocurrency market is a very reflexive capital market, and users need to make their own judgments rationally. At the same time, there is a strong possibility that the address in this article only represents part of the address of the organization, and users should not use it as an investment guide.
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