0xScope Newsletter #39: Analyzing a $7.5B Crypto AI Merger

Also: Scopescan probes the latest whale transactions, a Scopechat user shares his story about gaining huge profits with AI, and more.

Apr 04, 2024

Analyzing The $7.5B $ASI Crypto AI Merger

The $7.5B merger of crypto AI companies Fetch.AI, SingularityNET, andO cean Protocol will create the $ASI token, a likely Top 25 crypto asset when it launches.

What you need to know if you hold $FET $AGIX or $OCEAN, based on AI token analysis and Scopescan data:

⚖️ In terms of the $ASI token swap, $AGIX is undervalued, while $OCEAN has a slight premium.

📈 Pro: All 3 tokens trading long in CEX perpetual markets

🐳 Whales' $OCEAN holdings grew by 12.63%

💸 GSR deposited $5.2M of $OCEAN on Binance

💰 $39.5M net inflow of $AGIX tokens in CEXes

👀 SingularityNET treasury sent $2.52M in $AGIX to Gate.io

For more insights on the $ASI crypto AI mega-merger, read our latest blog.

Scopechat Pro User Testimonial

A Scopechat Pro user recently shared a story about how he made $48,593 this weekend thanks to AI. This user looked into $MASK’s open interest change, bullish signals, and Smart Money address behavior to make a winning trade on $MASK, leading to the quick weekend profit.

Subscribe to Scopechat Pro today! For as little as $14/month (for the annual plan), you get access to AI-powered trading intel that helps you take home huge profits on your crypto trades.

Scoped on Scopescan: ARB Monthly Unlock & More

Starting this month, $ARB's investor & team share will cliff unlock on a monthly basis. This means 93M $ARB ($140M) will come to market every month. $ARB holders are advised to take precautions.

Here are other notable whale transactions this past week:

Fenbushi Capital withdrew 5,207 $ETH ($17.2M) from Binance. Their last withdrawal happened when $ETH was at $2,336.
2 addresses related to Mantle DeFi Strategist @Defi_Maestro (they share the same Binance deposit address) received 5.31M $ENA ($3.1M) and deposited all of it to Binance.

Don’t miss out on the latest whale movements. Sign up for Scopescan here.

On-chain Data

Amid sea of red for asset flows; Bitget is the lone bright spot

This week, major CEXes lost $11.47B in crypto assets, nearly wiping out their cumulative $12.20B gain last week. Losses reached as bad as 15.84% for Binance US and 8.02% for Crypto.com. The only exchange that added to its balance is Bitget, with an 8.25% gain.

Major token unlocks for GAL, HFT

The biggest token unlock this week is GAL’s unlocking of $13.28M worth of tokens on April 5, followed by HFT’s $6M unlocking on April 7.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

0xScope Featured in OKX Ventures Report

"With its exceptional data services, 0xScope has emerged as the preferred choice for industry-leading Web3 AI DAPPs." - OKX Ventures

Thanks to OKX Ventures for featuring us in their latest report on crypto AI.

Subscribe to Scopechat Pro

Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!

Subscribe to Scopechat Pro today! Pay using your credit card or your Scopepoints.

Be the next 0xScope Ambassador!

0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.

Quick Bites

Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024 - LINK

Wormhole’s huge airdrop attracts scammers, spoof tokens and a $3B valuation - LINK

Ethereum earnings tripled in Q1 2024, reaching $370M - LINK

Crypto VC investment surges by 52% to $1.16B in March - LINK

Solana Telegram trading bot Solareum to shut down after users drained of $523K- LINK