LDO was sold by many institutions? A glance at the on-chain activities of some VCs and smart money in April
Original author:ThorHartvigsen,Crypto KOL
Original Compilation: Felix, PANews
Original author:
Andrew Kang
Crypto KOL
Original Compilation: Felix, PANews
April saw some big portfolio changes for some VCs and smart money, here's everything that happened in the last 30 days:
On April 4th, 800,000 ARBs (about $1 million) were bought at a price of $1.25.
On April 5, at a price of $1.23, 1.51 million ARBs (approximately $1.8573 million) were bought.
Amber Group
All ARBs were dumped on April 19th at an average price of $1.55.
Profit: $723,000
Andrew closed all long/short positions on GMX, KWENTA, MUX.
1.63 million LDOs (approximately $3.23 million) were purchased on Binance from April 8-18.
Amber currently holds a total of 8.1 million LDOs (approximately $16 million), most of which were purchased between January and April of this year.
(Historically, Amber has been trading LDOs in 2022).
Blockchain Capital
Other April events at Amber:
2.87 million DYDX (approximately $7 million) were purchased from March 30 to April 24
April sold 28,800 GMX (about $2.1 million), which were purchased in January and February of this year.
Blockchain Capital appears to have liquidated all of the $16 million worth of MATIC on April 27, as Blockchain Capital transferred all of the MATIC to Coinbase. The fund is one of the largest holders of MATIC and has been buying MATIC throughout 2021 and 2022.
The fund also dumped all of its RPL (about $5.7 million) on April 11 at a price of about $47. These RPLs were purchased on April 15, 2022 for $33.
Blockchain Capital's current largest holdings are:
ParaFi Capital
$40 million in ETH
$16 million in AAVE
$13 million UNI
CMSHoldings
On April 22, 18,000 cbETH (approximately $36 million) were transferred from Coinbase.
1,206 MKR (approximately $844,000) were dumped on May 2.
ParaFi has been dumping MKR throughout 2023, but locked up millions of dollars in MKR in MakerDAO governance.
CMS received a total of 785,000 DYDX (approximately $1.9 million) between February and April, which were transferred to Binance (possibly for sale).
At present, CMS still holds 1.76 million DYDX (about 4.3 million US dollars).
Other events in April
LDO was sold by many institutions:
