Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis
Jun 14, 2023
Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis
Jun 14, 2023
Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis
The world of cryptocurrency is vast and continuously evolving. One of the tokens that has recently caught significant attention is the $FXS token of the Frax platform. For those who are not familiar with it, the value of the Frax platform primarily lies in its $FXS token. As of June 2023, some intriguing data reveals patterns and trends associated with this token. Here's a comprehensive breakdown.
1. Vesting Status of $FXS Tokens
Recent data courtesy of @Token_Unlocks indicates that approximately 90% of $FXS tokens have already vested. The vesting figures asymptote at a staggering 66.8 million $FXS, and as of today, about 61 million tokens have already been vested.
2. The Three Largest $FXS Whales
In order to understand the dynamics of this token, it’s essential to analyze its prominent holders or 'whales' as they are commonly referred to in the crypto world. By utilizing tools from @bubblemaps, and screening out exchanges and contracts, three significant whales were identified:
Wallet 1 holds an impressive $6.99 million of $FXS. The entity behind this wallet remains unknown.
Wallet 2, with a balance of $5.74 million $FXS, also has an undisclosed entity behind it.
Wallet 3 stands out not just for its $4.9 million $FXS holding but also because it is associated with @dragonfly_xyz.
The combined value of the tokens in these three wallets is a whopping $17.63 million $FXS.
3. Diversified Portfolio of The Whales
Beyond the $FXS tokens, these whales also have diverse portfolios:
Wallet 1 possesses $600k in USDC, $288k in FPIS (a governance token which gives its holders profits from the protocol and excess treasury yield), and $192k in ETH.
Wallet 2 keeps it simple with only some ETH in its holdings.
Wallet 3 is notably diversified with 54k in $POOL (a savings protocol based on Premium Bonds) and 15k in $DEVT (associated with Metaverse gaming).
4. How to Analyze The Wallets
For those interested in delving deeper into the portfolio of these wallets, they can be analyzed collectively or individually via this link. Kudos to @bubblemaps for shedding light on these intriguing wallets and to @Token_Unlocks for providing invaluable vesting data. The portfolio analysis was effectively conducted using @loch_chain.
5. Acknowledgments
A journey through the complex corridors of cryptocurrency markets is never solitary. It's essential to recognize the guides and mentors who provide insights and knowledge. Special thanks to:
@MacBubblemaps
@rektdiomedes
@defitrader_
@Dynamo_Patrick
@VirtualKenji
@CryptoDunn
@shivsakhuja
@AkadoSang
@CryptoGirlNova
@paulvinitsky
@Louround_
@Only1temmy
@AngeloDodaro
In conclusion, the Frax platform's $FXS token is making waves, and understanding its dynamics, prominent holders, and portfolio diversities can offer invaluable insights for potential investors and crypto enthusiasts.
Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis
The world of cryptocurrency is vast and continuously evolving. One of the tokens that has recently caught significant attention is the $FXS token of the Frax platform. For those who are not familiar with it, the value of the Frax platform primarily lies in its $FXS token. As of June 2023, some intriguing data reveals patterns and trends associated with this token. Here's a comprehensive breakdown.
1. Vesting Status of $FXS Tokens
Recent data courtesy of @Token_Unlocks indicates that approximately 90% of $FXS tokens have already vested. The vesting figures asymptote at a staggering 66.8 million $FXS, and as of today, about 61 million tokens have already been vested.
2. The Three Largest $FXS Whales
In order to understand the dynamics of this token, it’s essential to analyze its prominent holders or 'whales' as they are commonly referred to in the crypto world. By utilizing tools from @bubblemaps, and screening out exchanges and contracts, three significant whales were identified:
Wallet 1 holds an impressive $6.99 million of $FXS. The entity behind this wallet remains unknown.
Wallet 2, with a balance of $5.74 million $FXS, also has an undisclosed entity behind it.
Wallet 3 stands out not just for its $4.9 million $FXS holding but also because it is associated with @dragonfly_xyz.
The combined value of the tokens in these three wallets is a whopping $17.63 million $FXS.
3. Diversified Portfolio of The Whales
Beyond the $FXS tokens, these whales also have diverse portfolios:
Wallet 1 possesses $600k in USDC, $288k in FPIS (a governance token which gives its holders profits from the protocol and excess treasury yield), and $192k in ETH.
Wallet 2 keeps it simple with only some ETH in its holdings.
Wallet 3 is notably diversified with 54k in $POOL (a savings protocol based on Premium Bonds) and 15k in $DEVT (associated with Metaverse gaming).
4. How to Analyze The Wallets
For those interested in delving deeper into the portfolio of these wallets, they can be analyzed collectively or individually via this link. Kudos to @bubblemaps for shedding light on these intriguing wallets and to @Token_Unlocks for providing invaluable vesting data. The portfolio analysis was effectively conducted using @loch_chain.
5. Acknowledgments
A journey through the complex corridors of cryptocurrency markets is never solitary. It's essential to recognize the guides and mentors who provide insights and knowledge. Special thanks to:
@MacBubblemaps
@rektdiomedes
@defitrader_
@Dynamo_Patrick
@VirtualKenji
@CryptoDunn
@shivsakhuja
@AkadoSang
@CryptoGirlNova
@paulvinitsky
@Louround_
@Only1temmy
@AngeloDodaro
In conclusion, the Frax platform's $FXS token is making waves, and understanding its dynamics, prominent holders, and portfolio diversities can offer invaluable insights for potential investors and crypto enthusiasts.
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