This article comes fromTwitter, Original Author: Chain Analyst @Lookonchain
Odaily Translator |
Affected by the bankruptcy of Silicon Valley Bank, the US dollar stablecoin USDC began to lose its anchor this weekend and fell to a low of 0.87 US dollars (it recovered to above 0.96 US dollars this morning). In the process, some people choose to sell in panic, while others buy at the bottom. Let's analyze the data on the chain and see how institutional investors deal with the unanchoring of USDC during this "USDC crisis".
1、Jump Trading
Jump Trading deposited 169.68 million USDC to Circle;
2、Wintermute Trading
Wintermute Trading deposited 2.7 million USDC to Circle and 25 million USDC to Coinbase;
3、Genesis Trading
Genesis Trading deposited 25 million USDC to Coinbase;
4、BlockTower Capital
BlockTower Capital deposited 9.96 million USDC to Coinbase;
5、Vitalik.eth
Vitalik Buterin, the co-founder of Ethereum, exchanged 500 ETH for 400,359 USDC and 27,179 DAI;
secondary title
@worthalter converted 893,439 USDT and 106,766 BUSD into 1,081,909 USDC;
secondary title
Justin Sun exchanged 127 million USDC for 126.96 million DAI through three addresses. It is worth mentioning that before the outbreak of the "USDC crisis", Justin Sun announced that he would invest 100 million US dollars to establish a liquidity fund due to the leverage loss caused by HT market fluctuations and the market fluctuations caused by a small number of users' leveraged clearing houses. 100 million USDC transferred to Huobi.
8、Kyber Ventures
Kyber Ventures exchanged 16.34 million USDC for 16.34 million USDP;
9、Chain Capital
Chain Capital exchanged 7.22 million USDC for 4.79 million USDP, 2.1 million DAI, and 42,696 USDT;
10、Spartan Group
Spartan Group exchanged 2.5 million USDC for 2,243,537 USDT;
11、Signum Capital
Signum Capital exchanged 2,729,260 USDC for 2,531,743 USDT;
12、Infinity Ventures Crypto
Infinity Ventures Crypto exchanged 2.18 million USDC for 1,277 ETH, or about $1.84 million;
13、LD Capital
LD Capital exchanged 1 million USDC for 229,956 USDT and 488 ETH (approximately US$703,162);
14、LedgerPrime
LedgerPrime exchanged 616,304 USDC for 591,033 USDP;
15、Dokia Capital
DokiaCapital exchanged 224,821 USDC for 137.8 ETH (about 198,432 USD);
16、Alpha Citadel Ventures
Alpha Citadel Ventures exchanged 236,903 USDC for 231,038 USDT.
image description
Note: IOSG Ventures stated that the addresses counted in the original picture are not their accounts
In summary, Jump Trading, Wintermute Trading, Genesis Trading and BlockTower Capital exchanged USDC for USD cash via Circle and Coinbase during the weekend when banks were closed, while Poap.xyz founder @worthalter and Taureon Capital bought at the bottom USDC.
