🐋💸 Two Whales Deposit $11.86M Worth of $MKR and $LDO to FalconX! 📈

📜 Transaction Details:

MKR Transaction: 0x16731e37415d0b84d3e2b83db637daa9f108951e7bdea26540c8bb7e2b8dccfc

LDO Transaction: 0x1b8629835f6b3e407aa5c12ccaf4c9cb3cc3a753f4bb6e2c4c573efc37edbb4e

MKR Address: 0xb8b9ba2066a3d36d6db2d0653b765c9b62c9a07b

LDO Address: 0x3a2c4d099da4d06df4c00ab4980859f47c6a926e

Shared Deposit Address: 0x17fc97e40db039e06eb6c606d3bf962522adaecc

💰 Deposit Breakdown:

3,600 MKR ($8.07M)

2.4M LDO ($3.79M)

🔍 Key Observations:

Shared Entity: The two whales (0xb8b and 0x3a2) are likely one entity, depositing MKR and LDO to FalconX via the same deposit address.

Whale 0xb8b:

Profit: Estimated total profit of $41.08M (+105%) from MKR.

Transactions:

Withdrew 49,318 MKR from Coinbase Prime and FalconX at an average price of $791 (estimated cost: $39M) on November 16, 2022, and December 30, 2023 (mostly on the former date).

Deposited back 46,523 MKR to FalconX at an average price of $1,587 ($73.8M) since June 24, 2023.

Currently holds the remaining 2,796 MKR ($6.27M) in the new wallet 0x8b4d103bd6f7bdf3d8217802c0d86b457c1fdc5b.

Whale 0x3a2:

Loss: Estimated total loss of $7.97M (-33.1%) from LDO.

Transactions:

Withdrew 10.234M LDO from FalconX and Coinbase Prime at an average price of $2.35 (estimated cost: $24.05M) on February 21, 2023, and May 23, 2024 (mostly on the latter date).

Deposited back 2.4M LDO to FalconX at an average price of $1.578 ($3.79M) on July 9, 2024.

Currently holds the remaining 7.834M LDO ($12.38M) in the new wallet 0x85bd86c7fadc2b223a3ce92c74223e7793e7006a.