SBF started trading on dYdX, ranked first in the 24-hour PNL list, and bought 200,000 DYDX


The top address has earned approximately $1.6 million in the past 24 hours, with a return rate of 1.82%. The corresponding full address is 0x90d3020c166d7d62361639ea1CB2d8abed38015e which owns 1.718% of the total transaction score. This address deposited 85 million USDC on dYdX L2 within a week, and transferred 200,000 DYDX from Binance two days ago.

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According to the rankings at 2nd, November, the top address has earned approximately $1.6 million in the past 24 hours, with a return rate of 1.82%.

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According to the data on the dYdX trading rewards panel, the corresponding full address is 0x90d3020c166d7d62361639ea1cb2d8abed38015e which owns 1.718% of the total transaction score.

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Checking this address on Etherscan, you can see that this address deposited nearly 85 million USDC on dYdX L2 within a week, and transferred 200,000 DYDX from Binance two days ago.

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Digging deeper, you can see that it holds half of the Media Network Token supply (Solana project) in the total amount of ERC20 tokens.

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And it seems to have performed the official cross-chain transaction of SOL-ETH at that time,

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Media Network is a peer-to-peer content distribution network (https://media.network/) on Solana. The main partner is Alameda Research, and its token is mainly listed on FTX.

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Based on this, we can speculate that this address is definitely related to Alameda, here are some more details.

1. With 85 million USDC and 200,000 DYDX deposited in a week, such funds are likely to come from a professional trading institution.
2. The recent SOL-USD trading volume on dYdX has surged, becoming the third-largest trading pair after BTC-USD and ETH-USD.
3. It is inferred from the fee discount rules of DYDX tokens that this address has taken less than a week to reach a volume of 50m-200m USD on dYdX.
4. This address used to have a large amount of SUSHI, more than 3% of the total.

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In summary, from its holding information, on-chain behaviors, and trading performance on dYdX, it can be inferred that Alameda Research started to trade on dYdX and earned a lot.

At the same time, it also holds a huge bag of DYDX tokens for fee discounts. As of now, Alameda Research expects to receive approximately 65,000 DYDX trading rewards in the current Epoch.

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