A Whale Address Spent 27.5 Million U to Buy ETH and AAVE
On July 10th, as monitored by OnChain Lens, a whale address beginning with 0x8c08 spent 27.5 million USDT on purchasing ETH and AAVE. Here are the details:
· It spent 25 million dollars to buy 9,187.52 ETH at an average price of 2,721 USD.
· It spent 2.5 million dollars to acquire 8,243.44 AAVE at a price of 303.27 USD.
· The whale address still has 3.61 million USDT remaining in the wallet.
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IOSG Founding Partner: The Pump.fun public sale seems more like the team seeking liquidity exit, with the project and market fundamentals unable to support the inflated valuation.
On July 10th, Jocy, the founding partner of IOSG, posted on social media, expressing his belief that this Pump.fun public sale is more akin to using participants as exit liquidity and constitutes a highly speculative gamble.
Jocy stated that since its launch in early 2024, Pump.fun has witnessed explosive growth, with a cumulative protocol revenue of approximately $7 billion, becoming one of the most profitable projects in the cryptocurrency field. However, the daily revenue of Pump.fun has dropped by 92% from its peak and currently stands at only about $500,000. The market capitalization of the project has plummeted from tens of millions of dollars in the past to a rock-bottom level of $50,000 to $100,000. Its market share has also been surpassed by a competitor, LetsBonk (with a 51% share), causing Pump.fun to fall to 39.9%.
From a tokenomics and risk exposure perspective, this ICO round targeted retail investors (15%) and institutions (18%), selling a total of 33% of the tokens, c
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[Three-time ETH 100% Win Rate Whale] Closed Short Position with $710K Loss, Once Had Peak Unrealized Profit of $22.83M
On July 10th, as monitored by on-chain data analyst Yu Jin, with the rise in the ETH price, the [Three-Battle 100% Win Rate Whale] closed out its short position after the ETH price broke above its entry price.
From opening a short position and achieving a peak unrealized gain of $22.83 million to ultimately incurring a loss of $0.71 million. During this ETH shorting process, the address experienced an "extremely steep" rollercoaster.
The address opened a short position for 50,000 ETH on June 11th and had been holding the short position ever since. When ETH dropped to $2,200 on June 23rd, the position reached a peak unrealized gain of $22.83 million.
Until today, when the ETH price rose above its entry price (around $2,725), it liquidated the entire 50,000 ETH position at a price of $2,740, resulting in a loss of $0.71 million. This broke its perfect record but still maintained an overall profit of $4.88 million from ETH.
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Cryptocurrency Fear and Greed Index Rises to 71, Market Sentiment Shifts to 'Greed'
On July 10th, based on alternative data, the Crypto Fear and Greed Index today is 71 (yesterday it was 66), suggesting a rising "greed" sentiment in the market.
Note: The Fear and Greed Index has a threshold ranging from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).
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Shitcoin Market Experiences a General Surge, BANANAS31 Hits Another All-Time High
On July 10th, according to HTX market data, with Bitcoin reaching a new all-time high, altcoins are generally experiencing a price increase. These include:
- BANANAS31 with a 24-hour change of +26.8% and currently trading at $0.0245 (ATH).
- MAGIC with a 24-hour change of +19.28% and now trading at $0.1986.
- SATS with a 24-hour change of +19.3% and 1000SATS now trading at $0.0000458.
- Another instance of MAGIC with a 24-hour change of +19.28% and currently trading at $0.1986.
- ETHFI with a 24-hour change of +15.15% and now trading at $1.078.
- AIXBT with a 24-hour change of +13.92% and now trading at $0.1449.
- WIF with a 24-hour change of +13.21% and now trading at $0.96.
- BB with a 24-hour change of +12.4% and now trading at $0.0879.
- COMP with a 24-hour change of +12% and now trading at $45.96.
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