0xScope Newsletter #43: 0xScope x Ronin
Also: Whales' interesting Lido-EigenLayer combo strategy, a $13.7B fall in exchange assets, a $129M token unlock, and more.
Research
0xScope Launches Support for Ronin
With our AI-powered solutions (Scopechat, Scopescan, and ScopeAPI), you can leverage Ronin on-chain data to analyze transactions, token flows, and more!
What you need to know about Ronin based on Scopescan data:
🚀 Ronin launched in February 2021. It now has 18.7M addresses (1.3M active daily).
🔎 The biggest project based on TVL is Ronin Staking ($525.6M)
📈 The most popular project is @pixels_online with 848K daily active users.
For more details, read our latest article about the Ronin ecosystem. Also, check out Ronin’s announcement here.
Scoped on Scopescan: $ETH Whales’ Lido-EigenLayer Combo
This week, at least two whales have withdrawn large amounts of $ETH from exchanges to stake on Lido and transfer their $ETH to EigenLayer. One whale took out 2,000 $ETH ($7M) and staked 1,000 $ETH ($3.15M) to Lido, while another transferred 1,200 $ETH ($3.9M). Two other whales also had interesting transactions related to Lido:
Wintermute withdrew 15,000 $ETH ($49.7M) from Lido and deposited all of them to Coinbase.
A whale that had been dormant for 2 years deposited 1.3K $ETH ($4.1M) to Lido.
Here are other notable whale transactions tracked by the Scopescan team this week:
On April 26, a whale sent 4,700 $ezETH ($14.8M) to Pendle, while another whale stacked 8,000 $ETH ($25M) and 9.6M $FDUSD from Binance and MEXC.
Gate.io moved $30M of $ETH from Linea to the Ethereum mainnet over a 3-day period that ended on April 28.
On April 28, an Amber Group-related address withdrew 3M $SAFE ($6.8M) from Gate.io. Meanwhile, the SAFE foundation treasury sent 3.5M $SAFE ($7.69M) to a GSR-related address and 6.2M $SAFE ($13.63M) to a Flow Traders-related address.
On April 29, a whale withdrew 1,500 $ETH from Compound and deposited that, plus another 10,000 $ETH ($36.9M), to Binance
Don’t miss out on the latest whale movements. Sign up for Scopescan here.
On-chain Data
CEX assets fall by $13.7B, almost every exchange in the red
Last week’s gains in exchange assets, worth $9.8B, have been wiped out thanks to a $13.7B decline that reflected the recently bearish crypto market, starting with Bitcoin’s descent to below $60,000. Five major exchanges saw double-digit losses, led by Bitstamp with -12.61%. While Binance’s balance fell by $7.7B, its US-based namesake surprisingly gained 12.10%.
Upcoming token unlocks for $MEME, $SUI
This week, watch out for the $128.96M unlock by $MEME on May 3, followed by the $40.76M unlock from $SUI on the same day
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
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.
Quick Bites
Crypto on track to hit 1B users by end of 2025 — analyst - LINK
Jack Dorsey’s Block will invest 10% of its Bitcoin product profit Into Bitcoin purchases - LINK
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure - LINK
Tether says it made $4.5B in profit last quarter - LINK
Ex-Binance CEO Changpeng Zhao sentenced to four months in prison - LINK