Arca Capital deposited all DYDX to Binance at loss

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Apr 23, 2024

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Arca Capital deposited all DYDX to Binance at loss

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Arca Capital 0x23a

Total tokens transferred

344.335K

DYDX

Related transactions

Arca Capital 0x23a

Binance deposit

Apr 23, 18:28

Arca Capital just deposited 344,335 DYDX ($817K) to Binance at $2.372:

transaction: 0x6c75030ed40cbae6060dec55ad511d15a26285f3868ce3b63085f1766668dce9
address: 0x23a5efe19aa966388e132077d733672cf5798c03
This address belongs to the entity Arca Capital

Notably, the VC withdrew those tokens from Binance at $3.036 (estimated cost: $1.045M) on December 22, 2023. If truly selling now, Arca Capital would realize an estimated loss of $228K (-21.8%) after 4 months.

Currently, Arca Capital no longer holds DYDX.

Fig 1. Arca Capital's latest DYDX trade.

#arca capital

#deposit

#dydx

#binance

#loss

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Arca Capital deposited all DYDX to Binance at loss

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