While the cryptocurrency market is having an active day today, the processes of large investors continue to direct the market. Processes for cryptos such as PEPE coin, detected by on-chain data analysts and on-chain tracking platforms, give clues about which assets investors are interested in and how they manage their assets.
Giant companies took action
Well-known cryptocurrency trading company GSR Markets revealed its investment appetite today. According to the findings of on-chain information analyst @ai_9684xtpa, GSR deposited 3.5 million Ondo Finance (ONDO) tokens to the Bybit exchange. This measure corresponds to approximately 4.27 million US dollars. GSR has accumulated a total of 9 million ONDO since February at an average low price of $0.5718. If all the tokens deposited today are sold, GSR is expected to make a profit of $2.26 million from this investment. The company currently still holds 3.5 million ONDO tokens.
ONDO 上线 Upbit 后,GSR Markets 疑似减持 ONDO,并于 11 小时前向 #Bybit 充值 350 万枚 $ONDO ,价值 427 万美金
GSR 从今年 2 月开始持续建仓了 900 万枚 ONDO,均价仅 $0.5718(充值价格 $1.22),若本次全部卖出将获利 226 万美金,目前还持有 350 万枚代币
钱包地址 https://t.co/eHVtYCznHs pic.twitter.com/xw3HhHy83b
— Ai 姨 (@ai_9684xtpa) June 15, 2024
GSR also invested in the Binance exchange. According to data from the tracking platform called The Veri Nerd, GSR transferred 1.4 million Arbitrum (ARB) tokens worth approximately $1.28 million to Binance a few hours ago. A different move by GSR was to withdraw 4 million Pirate Chain (PIRATE) tokens from the Bybit exchange. This withdrawal was recorded as GSR’s first investment in the PIRATE token.
Couple of hours ago, @GSR_io deposited 1.4M $ARB (~$1.28M) to #Binance.
On the other hand, they withdrew 4M $PIRATE (~$1.47M) from #Bybit & it's the 1st time they accumulated $PIRATE.
Address:https://t.co/tMlwvXO25s pic.twitter.com/VBwaE2fmem
— The Data Nerd (@OnchainDataNerd) June 15, 2024
Amber Group is offloading its assets
While GSR was investing, another cryptocurrency trading giant, Amber Group, decided to waste its assets. According to the findings of on-chain information analyst Yu Jin, Amber Group withdrew a total of 987,000 Uniswap (UNI) tokens from Binance and Gate.io exchanges in the last 2 hours. The cost of this shooting process is approximately 10.36 million US dollars.
在过去的 2 个小时里,Amber Group 从 Binance 和 Gate 提出了 98.7 万枚 UNI ($10.36M)。https://t.co/A7qxBQsg5a
本文由 #Bitget|@Bitget_zh 赞助 pic.twitter.com/C6clvvunQF
— 余烬 (@EmberCN) June 15, 2024
Data from the Lookonchain platform also confirms that addresses linked to Amber Group have exited the Binance exchange. According to Lookonchain’s findings, 987,000 UNI tokens (approximately $10.6 million) and 2,638 Ethereum (ETH) (approximately $9.2 million) were withdrawn from the addresses in question in the last 3 hours.
A wallet related to Amber Group withdrew 987,053 $UNI($10.6M) and 2,638 $ETH($9.2M) from #Binance in the past 3 hours.https://t.co/G3LaYopnBp pic.twitter.com/W4CN5QFkIg
— Lookonchain (@lookonchain) June 15, 2024
Other processes worth noting: There is also PEPE coin
There have been significant movements in the cryptocurrency market today, outside the processes of GSR and Amber Group. According to the findings of the Lookonchain platform, a $PEPE investor sold all his $PEPE assets at a loss. This investor purchased 114.7 billion $PEPE tokens in mid-May at an average price of $0.000011. When the price of the token reached $0.000017 at the end of May, the investor missed the opportunity to make a profit. Later, the price of $PEPE decreased and fell below the investor’s cost. As a result, the investor exited the market by selling all his $PEPE holdings for 366.5 Ethereum (approximately $1.27 million).
This $PEPE trader capitulated and sold all 114.7B $PEPE for 366.5 $ETH($1.27M) at a breakeven price.
He bought 114.7B $PEPE($1.27M) at $0.000011 on May 14 and May 15.
The price of $PEPE broke through $0.000017 on May 27, at which time his profit was $670K(+50%), but he did not… pic.twitter.com/aPxuftE1yI
— Lookonchain (@lookonchain) June 15, 2024
In another move, it was seen that a $BEER investor made a profit. This investor, who received 8.89 billion $BEER tokens from the fund allocation wallet of the $BEER team, but did not participate in the pre-sale, made a total profit of $1.3 million by selling some of his assets. The investor exchanged some of his profit for another token, $BONK.
A $BEER whale dumped 5B $BEER for 7,450 $SOL($1.08M) 3 hours ago.
This whale received 8.89B $BEER (1% of the total supply) from the $BEER team allocation wallet "8VY4LF…fDd5G2", but this whale did not participate in the pre-sale.
And the whale currently has 3.76B $BEER($820K)… pic.twitter.com/0wQyZNJ5kZ
— Lookonchain (@lookonchain) June 15, 2024
A $BEER pre-sale participant is selling $BEER, and he made a total profit of $1.3M on $BEER!
This guy spent 301.2 $SOL($50K) to participate in the pre-sale and received 3.38B $BEER.
Then he exchanged 5.45B $BONK($192K) for 1.86B $BEER on May 26.
After $BEER was listed on… pic.twitter.com/EvmvG0Q5lb
— Lookonchain (@lookonchain) June 14, 2024