Loch's Top 3 On-chain Actors of the Week

In a rapidly evolving digital economy, keeping a keen eye on on-chain actors is essential for anyone looking to stay ahead in the cryptocurrency realm. This week, we're shining a spotlight on three noteworthy Ethereum wallets.

First on our list is gmicap.eth. This wallet's activities have generated substantial profits, amounting to more than $32 million. Interestingly, the holder of this wallet made a clever move by converting $7 million worth of Ethereum (ETH) into a whopping $13 million. The wallet's activity indicates a savvy investor who isn't hesitant about cashing in when ahead. For instance, by examining the Price Gauge, one can infer why the current unrealized gains appear average, even when juxtaposed with substantial realized profits. This wallet has had significant dealings with notable entities such as OKX, StargateFinance, Binance, wrapped ether, and synapse. One more intriguing aspect is the Ethereum gas fees—spending $320k on gas for a transaction volume of $300 million, which translates to 0.1%.

Next up, we have jezebel.eth. This wallet boasts realized profits surpassing $11 million. It took $15.5 million of Ethereum and transformed it into $24 million. Over the past two years, excluding gas costs, the wallet's holder has executed a total of 2,120 transactions. That averages to about 1.5 trades every day. Jezebel.eth's primary partners in transactions comprise entities like Lido Finance, Across Protocol, GMX_IO, and Rollbitcom. When it comes to Ethereum gas fees, this wallet's user spent a total of $25k for a transaction volume of $89 million, coming in at 0.02%.

Lastly, the wallet tagged 0x9f deserves mention. In just the past month, it has raked in realized profits surpassing $780k. This wallet adeptly took $572k worth of Ethereum and multiplied it into $1.36 million over a series of astute trades. Presently, the holdings are centered around ETH and LOYAL, albeit at an unrealized loss of 22%. Interestingly, by staking the Ethereum on platforms like Lido or Rocketpool, the holder stands to earn about $2k annually. This suggests an anticipation of short-term opportunities, considering the hurdle rate at 5%. The primary transactional partners for this wallet include big names like Binance, OKX, and Uniswap.

For those intrigued by these findings, consider adding these addresses to your Loch watchlist. Revisiting these addresses could provide fresh insights over time. As we conclude this report, a special acknowledgment is due for individuals like 0xRemiss, 0xMughal, and several others for their contributions to this compilation.

Stay informed and remain vigilant in the ever-changing landscape of the digital currency world.