“Tracking the Smart Money: Profitable Addresses in the Value Coin Field”
In the previous article, “Tracking the Smart Money: Top 10 Meme Coin PvP Masters and Their Records,” we analyzed and tracked some of the on-chain addresses that have made substantial profits in the Meme coin field. In comparison, the “Value Coin sector” (usually referring to value coins with endorsements from VC institutions or certain mainstream concepts) has been relatively cold this year. Nevertheless, there are still some whales or high-level players who have achieved decent returns on these mainstream value coins.
In this article, Odaily Star Daily will summarize and introduce some of the on-chain smart money addresses (mainly those with profitable records in the value coin field) and identify the more concentrated coins for readers’ reference. In the future, we will continue to update this series of articles according to different target types. The end of the article also includes some on-chain tracking tools websites for readers to dynamically adjust their operational strategies.
RNDR: Accumulated Profit of $2.25 Million after Holding for 5 Months
According to on-chain analyst Ai Yi’s monitoring, an address suspected of liquidating its entire position of 640,000 RNDR, which was acquired five months ago, would have made a profit of $2.25 million. On-chain data shows that this address extracted 640,000 RNDR from Binance in January at an average price of $4.16 and has been holding the tokens ever since. Today, the address deposited all of its RNDR into OKX exchange when the price of RNDR was $7.65.
Wallet Address: 0x84657b4C6419a1F3c3f2480155bf03346EEf82D7
Wallet Balance: Currently only 0.666 ETH, approximately $2,350
On-chain tracking address:
https://app.mest.io/search/0x84657b4c6419a1f3c3f2480155bf03346eef82d7
Trading Records:
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Profit and Loss Records:
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Renowned whale aavebank.eth Holds Multiple Coins, Expected Profit of $1.13 Million
On June 19, the whale aavebank.eth transferred a total of $6.84 million worth of altcoins to Binance within four hours. The coins included:
– UNI: 390,000 tokens worth $3.98 million
– LINK: 100,000 tokens worth $1.43 million
– MKR: 360 tokens worth $890,000
– ENS: 360 tokens worth $530,000
According to on-chain data, these altcoins were accumulated by the whale between May 5 and May 21, and have been held for about a month. If all the coins were sold, the profit would be $1.13 million.
Wallet Address: 0xD730cd62CDA9cfdc109Be2d819B0337fafdCA959
Wallet Balance: The address still holds various amounts of ETH, LINK, UNI, ENS, MKR, and other altcoins, with a total asset value of $19.07 million.
On-chain tracking address:
https://app.mest.io/wallets/0xd730cd62cda9cfdc109be2d819b0337fafdca959
Portfolio Interface:
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Profit and Loss Records:
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LINK WLD: Accumulated Profit of $425,000 after Investing $3.54 Million for 3 Months
On June 12, a whale who previously made a profit of $1.65 million from LINK through swing trading in January invested $3.54 million worth of LINK and WLD within an hour. The investment included:
– LINK: 113,000 tokens worth $1.8 million
– WLD: 430,000 tokens worth $1.73 million
At that time, the whale already held 510,000 LINK, with a total value of $8.17 million, ranking it as the top asset in the wallet. Currently, the address holds 600,000 LINK and 450,000 WLD.
Wallet Address: 0x7D29EAca95D148629843d87C8D24FbaA6Ad485a1
Wallet Balance: Includes ETH, LINK, WLD, and others, with a total value of $9.87 million
On-chain tracking address:
https://app.mest.io/public/wallets/0x7d29eaca95d148629843d87c8d24fbaa6ad485a1
Portfolio Interface:
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Profit and Loss Records:
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ENA: Accumulated 5.11 Million ENA with a Total Value of $5.02 Million
On June 5, a whale acquired 5.11 million ENA with a total value of $5.02 million at a price of $0.9804 per token. According to on-chain data, this was the first ENA transaction for this address, and at that time, ENA became the second-ranked asset in the wallet. After about a month, the price of ENA increased by 18% to $0.9575.
It is worth noting that the address currently holds a majority of stablecoin USDT, as well as over 62.71 million HLG. These assets were transferred to the address on June 15 from 0xCe30091ed07D08eD756E6F11F79E7114cdC90F3C, with a value of $397,000 at that time, but now decreased to $203,000.
Previous news reported that on June 13, the Holograph protocol suffered a malicious attack, where the attacker increased the total supply of HLG and transferred 1 billion HLG to various CEXes for sale. After reporting the situation to the exchanges, approximately 200 million HLG was successfully frozen and is currently being recovered through legal procedures. The remaining circulating supply of HLG is about 800 million tokens. After extensive discussions with the community, plans to restore the total supply of HLG to 10 billion tokens have been initiated. Currently, the first batch of 532,499,975 HLG has been burned, and the remaining 946,750,025 HLG is yet to be burned. Possibly affected by this news, the price of HLG has increased by approximately 42.55% in the past 24 hours.
HLG Price Increase Interface:
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Wallet Address: 0x345fFd2D09A1633dcf4856Ae0d6f63aFaa748187
Wallet Balance: Currently holds 1.584 million USDT, $203,000 worth of HLG, and a small amount of ETH, with a total value of $1.78 million.
On-chain tracking address:
https://app.mest.io/wallets/0x345ffd2d09a1633dcf4856ae0d6f63afaa748187
Portfolio Interface:
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Profit and Loss Records:
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AUCTION: Accumulated 130,000 Tokens, Initially at a Loss but Later Profited $390,000
On May 30, an address successfully transferred 130,000 AUCTION tokens, which were purchased on April 9 at a price of $24.11 per token, to Binance. The tokens were worth $3.42 million. It is known that the address initially suffered a 45% loss after purchasing AUCTION, but after nearly two months of “suffering,” it finally turned its loss into profit when the price surged after the positive news of “Upbit listing.” In the end, the address made a profit of $390,000. Currently, the address has liquidated all assets, accumulating a total profit of $1.22 million.
Wallet Address: 0xAdf5845273e61AB2090BdBB32B35DE9BF997Bec7
Wallet Balance: Includes 0.2 ETH, with a total of approximately $1,000
On-chain tracking address:
https://app.mest.io/wallets/0xAdf5845273e61AB2090BdBB32B35DE9BF997Bec7
Trading Records:
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Profit and Loss Records:
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LDO: Accumulated 31.76 Million Tokens, Sold 7 Million Tokens for a Profit of $2.17 Million
From October 2022 to May 2023, an address accumulated 31.76 million LDO tokens and later deposited 7 million LDO tokens (worth $13.01 million) into Coinbase. After selling all of them, the address made a profit of $2.17 million. It is understood that the cost of each LDO token for this address was $1.36, and it has already deposited a total of 96 million LDO tokens into exchanges, making a profit of $3.17 million. The remaining 77.9 million tokens have been transferred to a new address, 0x3629192FBd9B5A56593C5a27dC0b4d2F9F5F73E4. It is worth noting that the related addresses for this address include 0x50C93635477B646Fc3f3A7FE3f1BC1290f964Af8 and 0xDabb5611f03B328AAC9838ab4C52883fA5ECD2bD, which were the initial wallets that transferred LDO to this address.
Wallet Address: 0x8d2C21beFcE4dD414017F3B12698a4a76476239f
Wallet Balance: Already cleared.
On-chain tracking address:
https://app.mest.io/wallets/0x8d2C21beFcE4dD414017F3B12698a4a76476239f
Initial Wallet Transaction Records:
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Target Wallet Transaction Records:
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New Address Transaction Records:
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UNI: Accumulated 476,000 Tokens, Profited $385,000
On April 15, an address successfully deposited 476,000 UNI tokens that were previously purchased at a price of $18.50 per token. The total value was $8.81 million.47.6 million UNI tokens, worth $3.9 million, were transferred to Binance from an address that had accumulated them at an average price of $7.38. After selling all the tokens, the address made a cumulative profit of $385,000. The address has now completely cleared its position.
Wallet Address: 0xb3811206c7A42a4817B9854a80f43AeCF74dF6a5
Blockchain Tracking Address: [Link]
Profit and Loss Record:
MKR: Bought 5 months ago, sold 1,720 tokens worth approximately $4.64 million
On March 11, a whale who had accumulated 1,720 MKR tokens since November 2023 sold them for about $4.64 million. The whale’s average selling price for MKR was $2,698 (purchased at an average price of $1,446), resulting in a profit of $2.15 million from the sold tokens. The remaining 2,078 MKR tokens had a cumulative unrealized profit of $2.45 million at that time.
Wallet Address: 0x8af700ba841f30e0a3fcb0ee4c4a9d223e1efa05
Wallet Balance: Approximately $1 million USDC, $64,000 worth of OX, and $56,000 worth of ETH, totaling around $1.12 million
Blockchain Tracking Address: [Link]
Asset Record:
WLD: Bought at a low price and sold at a high price, resulting in a profit of $1.05 million
On February 19, a whale who had purchased 200,000 WLD tokens at an average price of $2.52 (worth $500,000) between January 8 and January 31, ultimately made a profit of $1.05 million by selling them. The price of WLD had increased by over 188% within the past 30 days due to the impact of OpenAI’s video generation model, SORA.
Wallet Address: 0x880A1AB227B5F4A0dE0020785D73f0990af5E217
Wallet Balance: Includes 20 ETH, 250,000 LDO, 25,000 RNDR, and $14.53 million worth of LIDO, totaling $15.72 million
Blockchain Tracking Address: [Link]
Position Record:
FET: Bought 1.38 million AI concept tokens and made a profit of $2.27 million
On March 7, a whale who had bought FET tokens at an average price of $0.41 on April 18, 2023, and transferred them to an exchange in batches between February 20, 2024, and March 7, 2024, sold all their holdings, resulting in a profit of $2.27 million and a return rate of 392%. It is worth noting that FET tokens were the second crowdfunding project launched by Binance IEO, with the underlying encryption protocol Fetch.ai focusing on the field of artificial intelligence. The whale’s address now holds other assets worth a total of $1.688 million.
Wallet Address: 0xb8ba647f5867c4dfc0c454adf1aa6cf92a349819
Wallet Balance: Includes $1.145 million worth of WOO, $172,000 worth of TRAC, $133,000 worth of OCEAN, $53,000 worth of POND, and $50,000 worth of LINK, totaling $1.688 million
Blockchain Tracking Address: [Link]
Position Record:
AXL: Bought 480,000 tokens and made a profit of $566,000
On March 6, a whale who had previously bought 480,000 AXL tokens worth approximately $1.02 million transferred them to Coinbase and sold them all, resulting in a profit of $566,000. The address had purchased the AXL tokens between December 12, 2023, and January 14, 2024, at an average price of $0.95. On March 1, AXL was listed on Binance, and the price rose to $2.1365 on March 6 when the address sold the tokens. The address has now completely cleared its position.
Wallet Address: 0x14c067162694c82da3cc6bff6f45831134ac4d3c
Blockchain Tracking Address: [Link]
Asset Record:
IMX: Accumulated 1.62 million tokens and made a profit of $1.4 million
On February 12, six new wallets accumulated a total of 1.62 million IMX tokens worth approximately $4.48 million and transferred them to Coinbase. These addresses are suspected to belong to the same whale or institution, as they all accumulated IMX tokens in mid to late January 2024, with similar quantities. The average cost of accumulating the tokens was $1.89, and selling all of them would result in a profit of $1.4 million.
Blockchain Tracking Address: [Link]
Aggregation Record:
MATIC, ENS, 1INCH, UNI: Whale buys $2.69 million worth of assets
On January 29, a whale who had previously bought 2,609 MKR tokens in November 2023 and made a profit of $720,000 transferred assets worth $2.69 million from Binance. The assets included 240,000 MATIC tokens, 38,000 ENS tokens, 1.6 million 1INCH tokens, and 58,000 UNI tokens. This address had previously made profitable trades with ENS, 1INCH, and UNI tokens. The wallet holds a balance of various assets worth a total of $19.3 million, including ETH, MKR, UNI, ILV, 1INCH, MATIC, ENS, BIGTIME, ATA, RENZO, GLAXE, SPARK, and OMNI.
Wallet Address: 0x94cF7b6eB35dE00C3aeb3EC49a625EC4e39f5630
Wallet Balance: Total assets worth $19.3 million
Blockchain Tracking Address: [Link]
Summary:
In this article, we have tracked and analyzed the activities of several smart money addresses holding value coins. It is evident that whales and institutional players are more inclined towards investing in value coins compared to meme coins, which have lower prices and larger supplies. This also highlights the higher entry barriers for regular players and retail investors in value coins.
Among these value coins, UNI and LINK are preferred choices for many whales who engage in short-term or long-term holdings. This could be due to their perceived “infrastructure” status or their larger market capitalization, which can accommodate larger amounts of funds. Whether or not regular players should “dance with the whales” is subjective, and it depends on individual perspectives and financial conditions.
It is certain that value coins remain the mainstream cryptocurrencies in the industry. However, their ability to navigate market conditions and make a comeback depends not only on the projects behind the tokens but also on the patience and consensus of the majority of holders.
Lastly, we have provided the main blockchain tracking tools for reference: gmgn.ai, Solscan, Mest, Arkham, Cielo, and Scopescan.
