Track smart money, hunt onchain alpha
Joined March 2022
- Tweets 1,215
- Following 7
- Followers 447
- Likes 902
893 Photos and videos
May 20
Justin Sun (@justinsuntron) is actively managing his positions within @sparkdotfi
He just withdrew 60M $USDT from Spark & deposited them into #HTX
πCurrent Position:
USDT Savings: $100Mβ‘οΈ$40M (-$60Mπ)
USDS Pool: $922Mβ‘οΈ$722M (-$200Mπ)
112M USDC & 53.73KWETH (π’ Unchanged)
May 19
In the meantime, he is rebalancing his $1.3B stablecoin empire between #Sky & #spark
Withdrew 222M $USDS & 132M $USDC from Spark, moving them directly into #Sky
π Current Position Shift:
@SkyEcosystem: $332.1Mβ‘οΈ$664.7M ( $332.6M π)
@sparkdotfi: $1.1Bβ‘οΈ$822M (-$278Mπ)
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May 19
Justin Sun (@justinsuntron) deposited 42M $SPK (~$1.23M) into #HTX
π΄ The price dropped from $0.297β‘οΈ$0.287 (-3.37%) following his deposit, triggered by potential selling pressure
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May 19
In the meantime, he is rebalancing his $1.3B stablecoin empire between #Sky & #spark
Withdrew 222M $USDS & 132M $USDC from Spark, moving them directly into #Sky
π Current Position Shift:
@SkyEcosystem: $332.1Mβ‘οΈ$664.7M ( $332.6M π)
@sparkdotfi: $1.1Bβ‘οΈ$822M (-$278Mπ)
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May 11
The Ethereum Foundation @ethereumfndn is withdrawing the 21,270 $ETH ($50M) they staked with @LidoFinance 2 weeks ago.
The assets are currently in the Withdrawal Queue.
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May 11
This liquidity was sourced from a bilateral swap 2 weeks ago, where the Ethereum Foundation converted ~21,269 aWETH into wstETH (coordinated with @LidoFinance and @mellowprotocol) x.com/ethereumfndn/status/20β¦
Apr 24
0/ Today, the Ethereum Foundation completed a bilateral swap of ~21,269 aWETH to wstETH, coordinated with @LidoFinance and @mellowprotocol as part of their ongoing deleveraging work.
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May 8
Justin Sun @justinsuntron (0x9390...6a1d1) has just withdrawn 105M $USDT from @sparkdotfi Spark Savings USDT (SPUSDT)π§
May 6
Since the @KelpDAO exploit (Apr 18), Justin Sun @justinsuntron (0x9390...6a1d1) has been exiting @SkyEcosystem ($900M out) and loading up @sparkdotfi ($469M in)
His Position:
Sky USDS: $1.04B β $132M (-87%)
Spark: $631M β $1.1B ( 74%)
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May 6
π Whale 0xee2...1268 injected $20M WETH directly into the supply side
π Massive Unwinding:
As major players like @ether_fi, @Instadapp: Lite Vault, & @stakewise_io whale repay tens of thousands of ETH, they are effectively flushing liquidity back into the protocol.
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May 6
Update: Justin Sun @justinsuntron (0x9390...6a1d1) just moved again.
Withdrew $200M $USDC from @HTX_Global β deposited into @SkyEcosystem
Sky position: $132M β $332M ( 151%)
May 6
Since the @KelpDAO exploit (Apr 18), Justin Sun @justinsuntron (0x9390...6a1d1) has been exiting @SkyEcosystem ($900M out) and loading up @sparkdotfi ($469M in)
His Position:
Sky USDS: $1.04B β $132M (-87%)
Spark: $631M β $1.1B ( 74%)
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May 6
Since the @KelpDAO exploit (Apr 18), Justin Sun @justinsuntron (0x9390...6a1d1) has been exiting @SkyEcosystem ($900M out) and loading up @sparkdotfi ($469M in)
His Position:
Sky USDS: $1.04B β $132M (-87%)
Spark: $631M β $1.1B ( 74%)
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May 6
His latest on-chain move:
β Withdrew $50M $USDT from @HTX_Global β@sparkdotfi SPUSDT
β‘ Withdrew ~$405M $USDS from @sparkdotfi $100M USDS from @SkyEcosystem
β’ Deposited $100M USDS back to @sparkdotfi
β£ Swapped $405M USDS for USDT and sent into @HTX_Global
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May 6
In a market of compressed yields, a smart whale is utilizing core $ETH holdings to access low-cost debt, deployed into incentivized stablecoin vaults across networks.
This allows for long-term asset exposure while capturing cross-chain interest rate differentials.
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May 6
A whale consolidated 5,335 $ETH ($12.6M, avg. $2,360) from @binance & @flowdesk_co, supplying them to @sparkdotfi to borrow 6M $USDT.
Health Factor: 1.82
Implied Liq. Price: $1,307
Conservative leverage with a ~45% safety margin from entry.
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May 6
The 6M $USDT was subsequently swapped for $PYUSD.
-1M $PYUSD deposited into @upshift_fi @SentoraHQ USD (6.63% APY). This position represents ~15% of the vaultβs 6.83M TVL
-5M $PYUSD bridged & deposited into @kamino Sentora PYUSD (6.36% APY) via @LayerZero_Core
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Apr 30
Justin Sun @justinsuntron & HTX @HTX_Global : Recovery Hot Wallet withdrew a total of ~$504.6M $USDT from @sparkdotfi Savings USDT (SPUSDT) over the last 13 hours.
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