Note: The original text comes from @riyuexiaochu’s long tweet.
1. From the data on the chain, the funds for SATS are very strong. In less than a day since Binance went online, 19.17% of the chips have been rushed in, worth about 200 million US dollars. However, it can be seen with the naked eye that SATS has not fallen significantly, and this is based on the premise that it has already risen by 143%.
2. A large investor sold 36 million US dollars yesterday, becoming the biggest winner. According to the on-chain investigation, this large investor earned several million US dollars from ORDI in May and made a large-scale layout of SATS in July, achieving a huge leap in wealth.
3. The amount of SATS on the exchange is not as much as ORDI, and the chips are still relatively scattered. A large number of early high-profit chips have not been sold. Now 7 of the top 10 holding addresses are personal addresses. The largest individual holds 15 trillion pieces, which are now worth 7.2 million US dollars. Maybe their goal is the stars and the sea.
1. Position analysis
Holdings Ranking 1: Binance
Holdings ranking 2: gate
Position ranking 3: Personal holdings, mint income, unchanged.
Position ranking 4: Personal position, minted, and purchased a batch in September
Position ranking 5: Personal position, purchased at the end of August
Position ranking 6: Personal holdings, mint income
Holdings ranking 7: Personal holdings, purchased in mid-August
Position ranking 8: Personal holdings, mint income, unchanged.
Holdings Ranking 9: Personal Holdings, Purchased in August
Holdings ranking 10: It is marked as a Binance wallet, but the transfer amount is small and the authenticity is uncertain.
1) From the data on the chain, the funds for SATS are very strong. In less than a day since Binance went online, 19.17% of the chips have been rushed in, worth about 200 million US dollars. However, it can be seen with the naked eye that SATS has not fallen significantly. And this is based on the premise that Binance has already risen by 143% since the launch. In less than 24 hours, the spot trading volume has reached 400 million US dollars.
2) From the perspective of chip distribution, SATS is more widely held, with exchanges now holding about 25%. In contrast, ORDI’s volume in exchanges has reached more than 60%. From the perspective of on-chain coin holding addresses, SATS has 45,893 coin holding addresses, while ORDI has only 13,146 coin holding addresses.
3) Another obvious feature of SATS is that individual holdings are relatively large. Among the top 10 holding addresses, 7 wallets are personal addresses, some are minted, and some are purchased. However, in terms of profit, it is much worse than ORDI. ORDI was launched in May, and the profit of minting is thousands of times (if I remember correctly). The cost of SATS is somewhat different, about 40~100 times.
2. Binance deposit address statistics
The above is a ranking of the top 10 addresses that deposited into Binance. It can be seen that the largest address deposited 65 trillion SATS, worth 36 million US dollars. The second place deposited 17 trillion SATS, which is also a solid A8. The third to tenth places all have A8 income. The largest position that remains unchanged on the chain is 15 trillion, which exceeds the number of the third place.
3. Analysis of the biggest winners
The biggest player of SATS is this guy, who owns 65 trillion SATS. After Binance went online, all of them were sold for profit. The value is 36 million US dollars, about 260 million RMB.
The SATS of this address were transferred on December 12. At first glance, I thought it was a rat trade, but the actual investigation found that it was not. The SATS of this address were transferred from 8 addresses. After investigating these 8 addresses, it was found that they were controlled by the same person. Because they also had the same operation behavior. Historically, the transfer time of SATS was relatively close, the method was relatively close, and the tokens operated were also relatively close. The SATS of these 8 addresses were basically purchased in July, so it can be judged that this is a personal behavior.
During the investigation, we also found that this big investor once owned nearly 1 million ORDI and sold them all at the gate on May 12th, when the price was 10-12 dollars, worth tens of millions of dollars. He bought them a few days after April 20th, and it is estimated that the profit was at least 5 million dollars. Therefore, we roughly speculate that this big investor earned a few hundred dollars on ORDI. Then he bought a large amount of SATS in July and made a profit of more than 36 million dollars, achieving a great leap in wealth.
