#Ethereum’s Shanghai Upgrade will occur on April 12 (a week from now). Below are some stats:

➡️ 18.1M $ETH ($34.3B) is staked currently (31.2% is under #LidoDAO)

➡️ Not all staked ETH will be available to be withdrawn at once. Estimated 50,400 $ETH ($95.7M) withdrawable per day

➡️ About 70% of stakers are underwater (in USD terms), will they sell at loss 🤔

➡️ $ETH price dropped 10% after The Merge in Sept 2022, will it happen again this time 🤔

Follow https://twitter.com/spotonchain for more on-chain signals about the upgrade.

🔥 Some VC and KOL recently resumed their $LDO activities ahead of the upcoming #Shanghai upgrade! 🔥

⭐️ Dragonfly Capital kept on moving another 191K $LDO at $2.56 (~$495K) to #Binance 10 hours ago
✅ They used to transfer 2M $LDO to OKX at $2.33 (~$4.67M) on Mar 23
✅ Their average buying price was at $1.6
✅ Still hold 20.95M $LDO ~ $53.2M across 4 wallets

⭐️ Rune (founder of MakerDao) restarted to swap 153K $LDO for 570 $MKR and 4.2 $WETH 14 hrs ago
✅ No new $LDO were purchased. Just received back 1.2M $LDO that he temporarily moved out to a middle wallet.
✅ The last $LDO-$MKR swapping happened on Mar 17 (19 days ago)

Addresses:
Dragonfly: 0x7D68a49754c55f1fB410F535f2b82a16f64481b6
RuneKek: 0x0f89D54B02ca570dE82F770D33c7B7Cf7b3C3394

With the ongoing hype #Arbitrum narrative, $GMX has become 🔥 than ever before. Let us review some of the top $GMX activites lately!

1. Address 0x426fc1
❗️ Re-amassed 12K $GMX using 526 $ETH (~$994K) on Apr 06 (18hrs ago)

2. Address 0x297903
❗️ Amassed 4.5K $GMX since Mar 07 at $74.3 (~$335K); just got 1.2K $GMX from #Binance at $80.2 (~$100K) on Apr 05
💰 Current holding: 8.6K $GMX (~$677K)

3. Address 0xde32e5
❗️ Amassed 61K $GMX at $76.6 (~$4.7M) on Apr 05 in mid wallet 0xdf42be -> Staked all
💰 Holds 108.7K $GMX (~$8.7M) -> expected profit of $400K

👉 More details: https://twitter.com/spotonchain/status/1644213451001327616

🚨🚨🚨 We spotted a whale that just amassed 1.88M $APE at $4.21 (~$7.9M) from #Coinbase 2 hours ago.

✅ It did so within seconds and then decided to stake all of the newly accumulated $APE.

👉 Link: 0x13e59dee4cfa12dd1e797f429ba190774a7645a7

🚨 A whale "peedan.eth" just swapped 627.084K $LDO to 1.46M $CRV ($1.5M) 8 hours ago.

➡️ The average swapping price was $2.4 per $LDO and $1.05 per $CRV

➡️ With this action, he cleared off all of the $LDO right before #Shanghai upgrade 🤔

➡️ For the above swap, he converted 168K $LDO directly to $CRV and the rest was swapped to $ETH before swapping to $CRV

➡️ Those $LDO was accumulated using 368 $stETH and 467 $WETH (~$1.5M) at $2.4 per $LDO on Apr 02

His Address: 0x509984Bfc0fb24E2d1377CFec224d3AfEc4c341E

We 🧐 a wallet that just re-accumulated 150,774 $LDO at $2.44 (~$368K) two hours ago.

The trader does not seem to hold the token long. He already did 3 trading cycles in the past and made $70K in total (8% return)

🚨 He just swapped out his last batch of $LDO yesterday and now bought again. Can’t miss the fun with the upcoming Shanghai?

👉 Address: 0x06ec05d785c420559466e18328c77db908d1c911

🚨🚨🚨A whale has swapped 8.67M $USDC to 289.34 $WBTC at an average price of $29,967 per $WBTC in just over an hour.

The last transaction happened only 15 mins ago. Accumulation may continue!

⚠️ $BTC price has reached $30K and is still on the rise too!

Link: https://etherscan.io/token/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599?a=0x1e88ecea962cefbf3b51b9b82e0c5f17c5478ee0

We 🧐 that address 0x3dd1d1 has been the sending source of two large $ARB accumulation over the past 24 hours.

1️⃣ A whale gathered 1.08M $ARB at $1.18 per $ARB (~$1.28M) 15 hrs ago.

2️⃣ 13 new addresses suspiciously received a total of 11.07M $ARB at $1.18 per token (~$13.12M) around the same time ~ 15 hours ago. Anyhow one gigantic whale is behind this accumulation?

⚠️ The sending party was address 0x3dd1d1, which is argued to be either a MM or an exchange. Refer to our old tweet about it here.

👉 More details: https://twitter.com/spotonchain/status/1645701705038991361

🤔🤔 We detected $BLUR smart traders start buying $BLUR again.

0x8129d4010a676a660502a4770d8a97f8d1788e5f
- Made a $551K profit in the past
- Start accumulating back $BLUR 15 days ago, the latest transaction was just 13 hours ago
- Total amount 1.46M at avg price $0.547 (hold all in two wallets)

0x494a95b3bc27f61d65eb6bdec8da6ec674bd69f7
- Made a $249K profit in the past
- Just swapped 100K $USDC to 171,777 $BLUR yesterday at avg price $0.58 (no action in the past 36 days)

🔥🔥#Shanghai upgrade is less than 24 hours

➡️ It happens at block 194,048
➡️ Estimated time: 10:30PM UTC 12 Apr 2023

Do check out the important stats in our previous tweet https://twitter.com/spotonchain/status/1643640198222454785?s=20

A trader just smartly cleared off a large amount of #LSD tokens and earned $1.66M in total right before today’s dump

➡️ Swapped 1.536M $LDO to $ETH at $2.33 per $LDO
💰Profit: ~$1M
➡️ Swapped 65,352 $RPL to $ETH at $44.49 per $RPL
💰Profit: ~$661K
➡️ He was early investor and strong holder (1 year ++) of both $LDO and $RPL

👉 More details: https://twitter.com/spotonchain/status/1646006850608050177

🚨🚨 A whale, likely BlockTower capital, just moved 5,989 $ETH ($11.4M) to Coinbase, Deribit and Kraken an hour ago.

➡️ The action is right before the #Shanghai upgrade (which is in about 3 hours)
➡️ The whale also moved 2,630 ETH ($5M) two days ago to Coinbase

Will we see the dump after #Shanghai 🤔🤔?

Address link: https://etherscan.io/address/0x43adde52c6c142912662d3e427709db5cac9b811

🔥🔥 #Ethereum Shanghai upgrade is complete.

From on-chain data, the first 5,757 withdrawals have been processed, and 17,091.03 $ETH ($32.7M) were withdrawn.

Contract address: https://etherscan.io/txsBeaconWithdrawal

🔥🔥#Ethereum's Shanghai upgrade was completed 12 hours ago, let's review some stats:

➡️ Total $ETH staking is dropped from the peak of 18.163M to 17.476M ($34B)

➡️ Total withdrawn amount is about 124K $ETH (while the 24-hour deposit is 26.5K $ETH, so the net deposit is -97K $ETH ~ $192M)

➡️ Top withdrawer is LDO with 70,809 $ETH. But LDO won't allow users to withdraw until May, so most of the withdrawn $ETH is not liquidated.

➡️ $ETH price increases by 6% to $1,982, but with that price, 70% of stakers are still in loss (in USD terms)

🔗Link to current withdrawn status: https://etherscan.io/txsBeaconWithdrawal

🔗 Link to LIDO wallet: https://etherscan.io/address/0xb9d7934878b5fb9610b3fe8a5e441e8fad7e293f#withdrawals

🌟🌟🌟 Wallet 0xA03D (likely @ambergroup_io) received 500K $LDO at $2.32 (~$1.16M) from #Binance right before #Shanghai upgrade on Apr 12.

💰With the recent pump ($LDO price 🔼 ~11%), the unrealized profit for this trade is $110K.

✅ Amber mostly accumulated $LDO at low (in late 2022) & appears to be strong holder.

👉 More details about Amber’s $LDO trading history and profits: https://twitter.com/spotonchain/status/1646714234468970497

💫 A smart trader, who earned nearly $4M from trading $LDO and $MATIC, just accumulated 1.49M $ARB at $1.37 before pump ~9 hrs ago.

🔥 $ARB is 🔼 ~14% since the purchase! His/her unrealized profit on $ARB is ~$300K

Besides $ARB, he/she also had good trades on $LDO, $MATIC & $MAGIC.

👉 More details on his/her trades: https://twitter.com/spotonchain/status/1646832309952483329

🚨🚨 Whale 0x35e3 appears to have finally closed its $ARB deal by moving all of its 11.03M $ARB at an average price of $1.55 to #Binance amid pump 🔥 ~ 5 hours ago.

If truly selling, it will earn a profit of $3.9M from $ARB.

Its average buying price was only ~$1.2. ROI ~ 23%!

👉 More details of its $ARB trading history: https://twitter.com/spotonchain/status/1643162425632624640

🚨🚨 There was a surge in ETH withdrawals in the past 24 hours with -132K $ETH net deposit (likely comes from low id genesis validators reaching their turn)

➡️ Total withdrawn amount is 511,840 $ETH ($1.072B) and 1,012,101 $ETH is in the queue to be withdrawn

➡️ Top 3 withdrawal addresses:

LidoFinance: 0xb9d7934878b5fb9610b3fe8a5e441e8fad7e293f
- withdrew 199,685 $ETH
- deposited 5,095,456 ETH

CelsiusNetwork: 0xeee27662c2b8eba3cd936a23f039f3189633e4c8
- withdrew 8,112 $ETH
- deposited 158,176 ETH at avg price of $3.2K

Figment_io: 0x1cedc0f3af8f9841b0a1f5c1a4ddc6e1a1629074
- withdrew 7,412 $ETH
- deposited 166,400 ETH at an avg price of $3K

🚨🚨🚨 A whale just swapped 1.84M $USDC to 1.57M $MATIC at $1.17 via 1inch over the past 24hrs.

Besides $MATIC, this whale has also accumulated some $LDO and $ARB that are on track to yield profit:
➡️ 41.6K $LDO swapped from 73.3K $USDC in Sep 2022
- Now worth: $107K
- 💰: $33.7K
➡️ 672K $ARB swapped from 12.5K $GMX on Mar 25 ($GMX were bought using 300 $ETH ~ $499K in mid 2022)
- Now worth: $1.1M
-💰: $510K

Its fund originated from the 11.61K $ETH it received from Binance at $639 (~$7.42M) in late 2020. These $ETH have been swapped to other stablecoins afterward.

Address: 0x3d3323f905077d799a33f62d4800ba7cf11b4408

💫 A smart trade just moved all of his $LDO to Binance 1 hour ago. His estimated profit in $LDO is $660K (ROI: 56%)

The trader also received 51K $SSV ($1.73M) from Binance around same time.

This is his first time trading $SSV. May want to monitor his activity given his good trades in other tokens like $BLUR and $STG

👉 More details on his trading history: https://twitter.com/spotonchain/status/1647889451660742659