Cointime

Download App
iOS & Android

Three addresses transfer UMA to CEX after UMA rises

UMA project team announced the launch of a new product next week to recover tens of millions of dollars in losses caused by MEV in lending agreements. UMA rose 241% (from $1.97 to $6.73) as a result. Three addresses transferred UMA to CEX after the price increase and made a profit.

·Address 0x3b8 withdrew 190,168 UMA (worth $370,000) from Binance at a price of $1.97 on November 28, 2023, and transferred it back to Binance at a price of $3.7 on January 19, realizing a profit of $330,000 (+88%).

·Address 0x276 withdrew 374,989 UMA (worth $770,000) from Coinbase Prime at a price of $2.06 a year ago, and transferred 187,495 UMA (worth $1 million) back to Coinbase Prime at a price of $5.33 on January 20, realizing a profit of $610,000 (+158%).

·borntoolate.eth staked 1.34 million UMA (worth $6.38 million), withdrew 142,491 UMA (worth $760,000) as a staking reward on January 20, and transferred it to Coinbase at a price of $5.33.

CEX
Comments

All Comments

Recommended for you

  • Money Routers

    Hello,Crypto’s killer application is already here in the form of stablecoins. In 2023, Visa did close to $15 trillion in transaction volume. Stablecoins did about $20.8 trillion in total transaction volume. Since 2019, $221 trillion in stablecoins have been exchanged between wallets.Over the past few years, the equivalent of global GDPs has been moving through our blockchains. Over time, this capital has accumulated in different networks. Users switch between protocols for better financial opportunities or lower transfer costs. With the arrival of chain abstraction, users may not even know they are using a bridge.
  • PvP

    PvP, or “player vs. player,” is a phrase used often by shitcoin traders to describe this current market cycle. The sentiment it evokes is predatory, where winning comes at the expense of others. That is so TradFi. The express purpose of the crypto capital markets is to allow those who risk their precious capital to enjoy the fruits of being “early” into projects that hopefully will grow apace with Web3. But oh, how we have strayed from the enlightened path laid down for us by Lord Satoshi and then subsequently Archangel Vitalik with his very successful Ether initial coin offering (ICO).
  • Synthetix Quarterly Report — Q3 2024

    Over the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve. In this report, we will explore some of the key highlights, such as the successful migration to V3, new market launches, and governance updates. We’ll also dive into the challenges that have surfaced, particularly around liquidity, integration delays, and governance complexities. Let’s take a closer look at both the achievements and obstacles during this transformative period.
  • Volume 203: Digital Asset Fund Flows Weekly Report

    $147m Outflows Amid Weaker Sentiment; Multi-Asset Products Inflows for 16th Straight Week
  • USDJPY: The Most Important Chart in the World

    Sometimes I get obsessed about certain topics to the point where I can’t stop reading about them and every adjacent topic required to understand that topic. The Japanese Yen has been the beneficiary of my passionate love for the past few months. Ask any of my friends and they’ll tell you how annoying I can be about it if you trigger me about it. Rather than re-explaining it all multiple times I thought why not just write an article to consolidate my knowledge into one blog post. This is that post.
  • PermaDAO Weekly #87|Arweave/AO ecosystem weekly roundtable recap series will return|9.28 — 10.4

    Despite the arrival of the National Day holiday, PermaDAO’s momentum has never slowed, with 75 dedicated members continuing to stay highly active. Through focus and passion, they drive the creation of daily highlights and high-quality news.
  • Van Loon plaintiffs challenge US Treasury sanctions on Tornado Cash

    plaintiff Van Loon appealed on September 2nd in the Fifth Circuit Court, challenging the US Treasury Department's decision to list Tornado Cash as a specially designated national (SDN). The plaintiff believes that the Treasury Department's sanctions on this open source project without clear guidance may threaten the First Amendment rights of programmers.
  • Telegram releases official statement on the arrest of founder Pavel Durov

    Telegram has released its first official statement regarding the arrest of its CEO, Pavel Durov. "It is still unclear what charges Durov is facing or whether he has been arrested. There are various reports that he may have been arrested due to the lack of management on the Telegram platform, but the facts are still unclear as there has been no official confirmation from the French government or further explanation from Telegram," the statement read. "Telegram CEO Pavel Durov has nothing to hide and travels frequently in Europe."
  • Polkadot passes proposal to shorten DOT unlocking period, unlocking in as fast as 2 days

    On August 14th, Polkadot network proposed RFC 97 with the aim of significantly shortening the unlocking period of DOT tokens. After review and discussion, the proposal was approved by the Fellowship, and its code or design has been merged into the main codebase.
  • X platform was exposed to be testing payment services: involving transactions, balances and transfers, etc.

    On August 7th, developer Nima Owji tweeted that Elon Musk's X platform will launch XPayments payment service, involving transactions, balances, and transfers. Musk had previously revealed plans to provide financial services on the X platform, including storing value, transferring to others, and accessing high-yield currency markets.