Crisis and opportunity coexist, see institutions and large households are "bottom fishing" how much USDC?

2023-03-12 14:17

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In the face of USDC crisis, Jump, IOSG, Wintermute and other large users are how to operate

原文标题：《如何利用「USDC 危机」套利？这 16 位「超级大户」的手法如下》

原文来源： Moni，Odaily 星球日报

The dollar stablecoin was hit by the failure of Silicon Valley Bank. USDC It began shedding anchor this weekend and fell to a low of $0.87 (it recovered above $0.96 this morning). In this process, some people choose to panic sell, others buy the bottom. Let's take a look at the on-chain data to see how institutional investors responded to the USDC breakdowns during the "USDC crisis."

1. Jump Trading

Jump Trading to Circle 169.68 million USdcs were deposited;

2. Wintermute Trading

Wintermute Trading deposits 2.7 million USdcs to Circle, to Coinbase Deposit 25 million USdcs;

3. Genesis Trading

Genesis Trading deposited 25 million USdcs with Coinbase;

4. BlockTower Capital

BlockTower Capital deposited 9.96 million USdcs with Coinbase;

5. Vitalik.eth

Co-founder of Ethereum; "V God" Vitalik Buterin will have 500 pieces. ETH It's converted to 400. 359 USDC and 27, 179 DAI;

6. Poap.xyz founder @worthalter

@worthalter will 439 pieces USDT And 106, 766 busDs were converted into 1, 081, 909 USDC;

7. Justin Sun

Justin Sun converted 127 million USdcs into 126.96 million DAI through three addresses. It is worth mentioning that before the outbreak of the "USDC crisis", Sun Yuchen due to HT market volatility caused by the loss of leverage through the position and a small number of users of the leverage clearing house caused by the impact of plate volatility announced that it will invest 100 million dollars to set up a liquidity fund, and will 100 million USdcs were transferred to Huobi.

8. Ventures

Kyber Ventures exchanged 16.34 million USdcs for 16.34 million USDPs;

9. Chain Capital

Chain Capital exchanged 7.22 million USdcs for 4.79 million USDP, 2.1 million DAI, and 42. 696 USDT;

10. Spartan Group

Spartan Group exchanged 2.5 million USdcs for 2. 243, 537 USDT;

11, Signum Capital

Signum Capital will be 2. 729, 260 USdcs are converted into 2, 531, 743 USDT;

12, Infinity Ventures Crypto

Infinity Ventures Crypto exchanged 2.18 million USdcs for 1. 277 ETH, or $1.84 million;

13, LD Capital

LD Capital exchanged 1 million USdcs for 229. 956 USDT and 488 ETH. $162);

14. LedgerPrime

LedgerPrime will be. 304 USdcs were exchanged for 591, 033 USDP;

15, Dokia Capital

DokiaCapital will. 821 USdcs were exchanged for 137.8 ETH. $432);

16, Alpha Citadel Ventures

Alpha Citadel Ventures will be 236, 903 USdcs were exchanged for 231. 038 USDT.

如何利用「USDC 危机」套利？这 16 位「超级大户」的手法如下

To recap, Jump Trading, Wintermute Trading, Genesis Trading, and BlockTower Capital convert USdcs into dollar cash through Circle and Coinbase on weekends when banks are closed, Poap.xyz founders @worthalter and Taureon Capital bought USDC at the bottom.

On the other hand, Yuchen Sun, Kyber Ventures, Chain Capital, Hashed, Spartan Group, Signum Capital, Infinity Ventures Crypto, LD Capital, LedgerPrime, Dokia capital and Alpha Citadel Ventures have traded USDC for other cryptocurrencies such as DAI, USDT, USDP, BUSD and ETH to try and arbitrage.