News

Jump Trading Takes The Lead With 1.74 Million ETH, Alameda Research Sells Off

Key Points:

  • VC Jump Trading tops the list with 1.74M $ETH, mostly in Robinhood Custody but moved 3.1K $ETH ($5.9M) to Coinbase in 24h.
  • BlockchainCapital’s profit from selling $LDO and buying ETH is $1.05M, while the profit from selling $RPL for $2.9M is ~$1.09M according to the current price.
Discover the latest movements in VC’s $ETH holdings. Blockchain Capital sold half of its $RPL and all its LDO to buy more ETH. Jump Trading tops the list with 1.74M $ETH.

Blockchain Capital, one of the biggest venture capital firms in cryptocurrency, has made significant moves in its Ethereum (ETH) holdings and related tokens. The firm recently sold half of its $RPL as well as all of its $LDO, with the proceeds used to purchase additional ETH.

According to a retweet by OxScope, Jump Trading topped the list with 1.74M $ETH, mostly in Robinhood Custody but moved 3.1K $ETH ($5.9M) to Coinbase in 24h. Other big $ETH holders like Genesis, Paradigm, Voyager, and Celsius haven’t made major moves or haven’t moved at all.

Alameda Research saw a significant decrease of 29.5% in the past week, most of the $ETH being transferred to Binance and Coinbase, while Fasanara’s ETH holdings have recently decreased by 17.45%, with most of it being transferred to Gemini.

According to Lookonchain, Blockchain Capital sold 1.5M $LDO($2.52M) and 65,352 $RPL($2.9M) today and currently holds no $LDO and 107,085 $RPL($4.52M) in two addresses.

Blockchain Capital bought 1.5M $LDO with 1,000 $ETH ($2.52M at that time) at an average price of $1.64 from Jan 27 to Feb 21, 2022, then sold all $LDO at a price of $2.33 today and got 1,871 $ETH ($3.57M), resulting in a profit of $1.05M.

The firm also bought 59,236 RPL(new) with 2M $USDC at $34 on Apr 15, 2022, and bought 61,539 RPL(old) with 600 ETH($2.15M at that time) at $35 on Oct 8, 2021, and sold 65,352 $RPL for 1,522 $ETH($2.9M) at $44, resulting in a profit of approximately $1.09M based on the current price.

These moves suggest a bearish outlook on $LSD but a bullish one on ETH, as the firm has been increasing its holdings of the latter while divesting from the former. Blockchain Capital’s recent moves may signal a shift in the industry toward ETH as the preferred cryptocurrency for investment and growth.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

51 minutes ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

56 minutes ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

1 hour ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

2 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

3 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

4 hours ago

This website uses cookies.