In the dynamic world of cryptocurrency transactions, December 4 saw notable movements, as reported by Scopescan and on-chain data analyst Ember. Amber Group made a significant transfer of approximately 800,000 dYdX (DYDX) to Binance for approximately $2.7 million. Simultaneously, Dragonfly Capital orchestrated a complex move involving significant amounts of RBN, LDO, and ETH, transferring millions worth of assets to Coinbase Prime. Here are the details…
Amber Group sent 800,000 DYDX to Binance
First of all, according to monitoring by Scopescan on December 4, the Amber Group address made a significant transfer by sending approximately 800,000 DYDX tokens to the popular cryptocurrency exchange Binance. The value of this transaction is estimated at approximately $2.7 million, indicating a significant movement of assets in the crypto space. dYdX is a decentralized trading platform and decentralized finance (DeFi) protocol built on the Ethereum Blockchain. It allows users to engage in various financial activities such as margin trading, spot trading, and lending directly from their cryptocurrency wallets. The platform allows users to trade a variety of cryptocurrencies, including popular assets such as Ethereum (ETH) and decentralized stablecoins.
An @ambergroup_io's address transferred 0.8M $DYDX($2.7M) to #Binance.
Follow @ScopeProtocol and @0xScopescan for more updates. pic.twitter.com/0UspJEbNEq
— Scopescan (@0xScopescan) December 4, 2023
Dragonfly transferred millions of dollars of assets to Coinbase Prime
On the same day, on-chain data analyst Ember reported a complex transaction arranged by Dragonfly Capital. About 5 hours ago Dragonfly Capital transferred 21,079,914 RBN, 1,870.37 LDO and 150 ETH to Coinbase Prime. This move represents a significant shift in assets with a total estimated value of $7.67 million for RBN, $4.63 million for LDO, and $330,000 for ETH. Ember’s monitoring revealed specific details about the assets carried by Dragonfly Capital. RBN tokens obtained and collected from the Ribbon Finance vesting agreement turned out to be 21,079,914 tokens.
5 小时前，Dragonfly Capital 将：
21,079,914 $RBN($7.67M)、1,870,37 $LDO($4.63M)、150 $ETH($0.33M) 转入 Coinbase Prime。RBN 是在 5 小时前从 Ribbon Finance 归属合约解锁领取；
LDO 是 2021/5/7 用 404 ETH($1.4M) 从 Lido 国库购买，价格 $0.75。推文由 @Bitget_zh 赞助 pic.twitter.com/X40OfV0Rru
— 余烬 (@EmberCN) December 4, 2023
In addition, LDO tokens purchased from the Lido treasury at a price of $0.75 on May 7, 2021 were initially purchased with 404 ETH. This corresponds to approximately 1.4 million dollars. These significant transfers highlight the dynamic nature of cryptocurrency transactions, with major players such as Amber Group and Dragonfly Capital making significant moves in the market. As the crypto space continues to evolve, monitoring such transactions is critical. Additionally, the developments provide insight into the strategies and activities of key players in the industry. Stay tuned for more updates on crypto movements and market dynamics.
30637
