$LBR price has dropped by 44% in the past 7 days. What is happening?

We covered the $LBR project a year ago, and one key point is that a large portion of TVL is contributed by a group of KOLs and anonymous addresses. Those strong supporters seem to have recently dumped all their $LBR tokens.

Three notable examples:

➡️ blurr.eth, the top 1 staker in LBR (used to stake more than 34K $ETH, approximately $70M), has dumped all their tokens, with the last action on January 15, 2024.

Token flow: https://platform.spotonchain.ai/en/visualizer?id=40236

➡️ sifuvision.eth (a top 5 staker with more than 6K $ETH, approximately $13M staked) has also dumped all of their tokens, with the last action just a few hours ago.

Token flow: https://platform.spotonchain.ai/en/visualizer?id=40237

➡️ czsamsunsb.eth (among the top stakers, used to stake 4K $ETH, approximately $8M), has dumped all their tokens, with the last action just a few hours ago.

Token flow: https://platform.spotonchain.ai/en/visualizer?id=40235

Even influential KOLs have dumped their tokens. It's uncertain if $LBR can make a comeback.

For more updates on the VC’s activities, follow us now and turn on your 🔔 at https://platform.spotonchain.ai/token?name=LBR

Are institutions accumulating $LINK?

In the past 3 hours, 8 fresh wallets (likely one individual/institution) have jointly withdrawn 227,350 $LINK ($4.12M) at ~$18.1 on avg.

Notably, most of these $LINK tokens were withdrawn from CEX before the $LINK price abruptly jumped by ~4.1% just now.

Will these wallets accumulate more $LINK? Follow @spotonchain now and turn your 🔔 at https://platform.spotonchain.ai/en/entity/1880

#FTX and #Alameda wallets deposited $3.32M worth of 8 tokens to CEX ~5hrs ago, including:

• 1,000 $ETH ($2.3M) to #Coinbase
• 4.43M $ALPHA ($411K) to #Binance

and $609K in 6 other assets $POWR, $SNT, $OXT, $RLC, $NMR, $NEXO to #Coinbase and #FalconX

Overall, FTX and Alameda have unloaded a total of $15.14M in 21 assets to CEX in the past 7 days (pic 👇).

Track FTX and Alameda’s wallets via:
1. FTX entity: https://platform.spotonchain.ai/en/platform/entity/354
2. Alameda Research entity: https://platform.spotonchain.ai/en/platform/entity/79

#Bitcoin price is back above $44,500!

Two fresh whales jointly withdrew 2,320.2 $BTC ($100M) from #Binance at $43,107 ~9hrs ago, right before the price surged.

Their estimated profit is now $3.49M (+3.49%).

More details: https://platform.spotonchain.ai/en/signal-details/two-fresh-whales-withdrew-btc-from-binance-24513

Wallet 0x1c7 just moved 5M $ID (~$3.1M) to #Binance 15 minutes ago.

Those tokens were distributed from the Space ID Token Distributor contract 16 days ago.

It seems they are an investor in the Space ID project, but it is unclear if they are related to Amber Group.

Note that DWF Lab has confirmed that they are not related to the address, although this address received some $ID from the DWF Lab wallet 0xdda in the past.

$ID token is up 22% in the past 24 hours.

Follow @spotonchain now and try out our beta version at https://platform.spotonchain.ai/en/profile?address=0x1c7b480ce872aaade8e25b66c989b8a15a0abb4a

#FTX and #Alameda wallets further moved ~$10.2M in 13 tokens to market maker and CEX in the past 5 days, including:

• 2,148 $ETH ($5.27M) to #Wintermute and #FalconX after the market rally
• 500K $TON ($1.04M) to #Wintermute
• 54,811 $CREAM ($874K) to #Binance

and $1.98M in 10 other assets as such $LQTY, $LEO, $CONV, $AKRO, and $PSTAKE etc (pic 👆).

Overall, FTX and Alameda have unloaded at least $735M in 116 assets to CEX since Oct 24, 2023.

More details: https://platform.spotonchain.ai/en/signal-details/ftx-and-alameda-unloaded-more-assets-to-mm-and-cex-25641

#Ethereum co-founder Jeffrey Wilcke (@jeffehh) deposited 4,300 $ETH ($10.7M) to #Kraken at $2,482 ~14hrs ago.

Notably, he last deposited 22K $ETH to #Kraken at $1,870 ($41.1M) on June 5, 2023, just before the market crashed.

Currently, Jeffrey Wilcke still holds 146K $ETH ($362M).

Follow @spotonchain now and turn on your 🔔 at: https://platform.spotonchain.ai/en/entity/1890

Daniel Wang (@daniel_taikoxyz), founder & former CEO of #Loopring, deposited 34.88M $LRC ($8.41M) to #Binance at $0.241 ~14hrs ago.

Notably, he received those tokens from Loopring Foundation on Dec 29, 2023.

The $LRC price is up 8.45% (7D).

Follow @spotonchain now and turn on your 🔔 at: https://platform.spotonchain.ai/en/platform/entity/1892

Kenetic Capital deposited the last 4.1M $RNDR ($20.4M) to #Binance 6 hours ago.

Notably, Kenetic Capital 0xf26 was the largest institutional holding address of $RNDR before depositing all 6.6M $RNDR ($32.5M) to CEX since Dec 24, 2023.

Estimated total profit from $RDNR: $15.95M.

Follow @spotonchain now and turn on your 🔔 at: https://platform.spotonchain.ai/en/entity/164

$PROM is up 75% after the investment from the head of DWF Labs, Andrei Grachev.

He spent 500K $USDT to buy 49,965 $PROM at $10 an hour ago.

Never miss his action by setting an alert 🔔 at our platform https://platform.spotonchain.ai/en/entity/1897

The #Bitcoin price has been on the rise for the past 7 days and finally broke the $52K mark again after 2 years!

However, there are two impending big threats to the short-term $BTC price. Can it overcome?

1. #Genesis got cleared to sell 35M Grayscale Bitcoin Trust shares ($GBTC), worth ~$1.3B, on Feb 15, 2024.

- On a similar scale, #FTX once sold over $1B worth of $GBTC holdings, allegedly causing the price to drop from $49K to $39K in Jan.

More details: link

2. The US Government filed notice to sell 2,875 $BTC (~$150.6M) seized from Silk Road on Jan 25, 2024.

- Currently, they remain one of the largest $BTC holders with 208K $BTC (~$10.9B).

- They last allegedly sold 8.2K $BTC ($248M) via #Coinbase during last Jul pump, allegedly causing the price to fall from $30.8K to $30.2K.

Entity: https://platform.spotonchain.ai/en/entity/188

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