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News

Curve Finance Founder’s Smart Move: Transferring USDT Before BTC Hit $30K

April 11, 2023 - Around 2 mins mins to read

Key Points:

  • SmartMoney recently bought and sold $GMX and $USDC for profits.
  • A whale sold all of the $GNS and $GMX they bought from Binance.
  • Curve Finance Founder transferred $USDT to Bitfinex before BTC/ETH rose, and they deposited a large amount of $CRV and borrowed $USDT.
Curve Finance Founder transferred 18M $USDT to Bitfinex before BTC/ETH rose. Whale sold all $GNS and $GMX from Binance. Investors received 41,302 $GMX ($3.05M) from Binance and sold for 1,696 $ETH ($3.26M) at $79, making ~$214k.

Investors have been making moves in the crypto market, buying and selling coins at different prices to make a profit. According to Lookonchain, SmartMoney recently purchased 5,104 $GMX with 404,403 $USDC at $79.24, whilst the same investor bought 1,645 $GMX with 99,940 $USDC at $61 on February 11th, selling for 107,017 $USDC at $65, making approximately $7k.

Notably, the investor also purchased 8,403 $GMX at $36 from October 24th, 2022, to January 4th, 2023, selling at $53 on January 11th and February 3rd, making approximately $141k.

Meanwhile, a whale sold all of the $GNS and $GMX bought from Binance 1 month ago. On the other hand, investors received 41,302 $GMX ($3.05M) from Binance at $74 and sold for 1,696 $ETH ($3.26M) at $79, making approximately $214k. However, not every investment produced a profit, as investors received 59,064 $GNS ($493k) from Binance at $8.36, but sold for 211 $ETH ($405k) at $6.86, resulting in a loss of approximately $88k.

In addition, the founder of Curve.fi transferred 18M $USDT to Bitfinex before BTC/ETH rose today. The founder usually deposits $CRV into Aave and borrows $USDT. The founder has deposited a total of approximately 212M $CRV ($219M) and borrowed approximately 61.2M $USDT on Aave.

Curve Finance Founder's Smart Move: Transferring USDT Before BTC Hit $30K

Wintermute Trading also minted 20M $TUSD and transferred to Binance before the price of BTC/ETH rose.

According to a report from Spot On Chain, a whale recently gathered 1.08 million $ARB at a price of $1.18, which was worth approximately $1.28 million.

The same party then sent an additional 2.19 million $ARB at a price of $1.38, which was worth approximately $3.02 million. The whale now holds all 3.27 million $ARB worth roughly $4.05 million. It is worth noting that $ARB is currently trading at $1.24.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

# BTC market

BTC

btc price

GMX

USDT

USDT Stablecoin

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Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Curve Finance Founder’s Smart Move: Transferring USDT Before BTC Hit $30K

Key Points:

  • SmartMoney recently bought and sold $GMX and $USDC for profits.
  • A whale sold all of the $GNS and $GMX they bought from Binance.
  • Curve Finance Founder transferred $USDT to Bitfinex before BTC/ETH rose, and they deposited a large amount of $CRV and borrowed $USDT.
Curve Finance Founder transferred 18M $USDT to Bitfinex before BTC/ETH rose. Whale sold all $GNS and $GMX from Binance. Investors received 41,302 $GMX ($3.05M) from Binance and sold for 1,696 $ETH ($3.26M) at $79, making ~$214k.

Investors have been making moves in the crypto market, buying and selling coins at different prices to make a profit. According to Lookonchain, SmartMoney recently purchased 5,104 $GMX with 404,403 $USDC at $79.24, whilst the same investor bought 1,645 $GMX with 99,940 $USDC at $61 on February 11th, selling for 107,017 $USDC at $65, making approximately $7k.

Notably, the investor also purchased 8,403 $GMX at $36 from October 24th, 2022, to January 4th, 2023, selling at $53 on January 11th and February 3rd, making approximately $141k.

Meanwhile, a whale sold all of the $GNS and $GMX bought from Binance 1 month ago. On the other hand, investors received 41,302 $GMX ($3.05M) from Binance at $74 and sold for 1,696 $ETH ($3.26M) at $79, making approximately $214k. However, not every investment produced a profit, as investors received 59,064 $GNS ($493k) from Binance at $8.36, but sold for 211 $ETH ($405k) at $6.86, resulting in a loss of approximately $88k.

In addition, the founder of Curve.fi transferred 18M $USDT to Bitfinex before BTC/ETH rose today. The founder usually deposits $CRV into Aave and borrows $USDT. The founder has deposited a total of approximately 212M $CRV ($219M) and borrowed approximately 61.2M $USDT on Aave.

Curve Finance Founder's Smart Move: Transferring USDT Before BTC Hit $30K

Wintermute Trading also minted 20M $TUSD and transferred to Binance before the price of BTC/ETH rose.

According to a report from Spot On Chain, a whale recently gathered 1.08 million $ARB at a price of $1.18, which was worth approximately $1.28 million.

The same party then sent an additional 2.19 million $ARB at a price of $1.38, which was worth approximately $3.02 million. The whale now holds all 3.27 million $ARB worth roughly $4.05 million. It is worth noting that $ARB is currently trading at $1.24.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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