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Altcoin volumes are ‘more concentrated’ than ever
Altcoin volumes are ‘more concentrated’ than ever

Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

Blockworks·2025/04/05 18:57
The Funding: Why stablecoins are a top bet for crypto VCs
The Funding: Why stablecoins are a top bet for crypto VCs

Quick Take This is an excerpt from the 25th edition of The Funding sent to our subscribers on April 6. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2025/04/05 16:00
Flash
  • 01:35
    Data: A trader transfers 1,000 Ethereum through Tornado Cash
    According to ChainCatcher, monitored by on-chain analyst Onchain Lens, a trader exchanged 2.6 million USD in DAI for 1,019 Ethereum at a unit price of 2,549 USD. Subsequently, the trader transferred 1,000 Ethereum through the Tornado Cash mixer. The trader still holds 2.52 million USD in DAI in another wallet.
  • 01:04
    James Wynn's "call order" token moonpig drops over 30% today, James Wynn denies dumping
    Odaily Planet Daily News: The meme token moonpig, which has been frequently promoted by whale trader James Wynn, has dropped over 30% today, with its market value falling back to around $52 million. In response to the community's panic, James Wynn posted on X, stating: "The FUD surrounding moonpig is ridiculously insane. That top holding address was never mine, just a stranger no one can contact. He decided to take profits and sell, and now people are saying it was me dumping? I usually ignore such FUD, but I've never sold a single cent of moonpig. Do I hold tokens myself? Of course! Do I have paper profits? Yes, but they're all unrealized gains, not a penny cashed out! The team is doing a fantastic job, and this is just an unusual fluctuation caused by early whale selling. Do you really think that when I hold contract positions worth hundreds of millions of dollars, I would care about selling tokens worth tens of thousands of dollars? On the other hand, this wave of FUD has actually completed an important reshuffle of holdings, as many early buyers have seen exponential gains after the rapid price surge. I am absolutely bullish on moonpig's long-term prospects."
  • 01:03
    Data: Whale Profits $3.24 Million from Short-term Arbitrage by Buying Low and Selling High 30,000 ETH via OTC
    According to ChainCatcher, on-chain analyst Ember has monitored that a whale/institutional address purchased 30,000 ETH through Wintermute OTC 6 hours ago at a price of $2,513, with a total cost of approximately $75.39 million USDC. This address had previously sold the same amount of ETH on May 22 at a unit price of $2,621, making a profit of about $23.73 million (+43%). This round of low-level replenishment allowed for an additional arbitrage of $3.24 million between the two transactions.
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