Placeholder VC allegedly moved 5M UMA ($11.85M) to Coinbase

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Jul 17, 2024

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Placeholder VC allegedly moved 5M UMA ($11.85M) to Coinbase

Outflow

Related addresses

0xb0adbf157e33f7c79562ae06c5beccf081bb0f52

0xf2bb00622f73357989346132236ee92ee5ec632a

Total tokens transferred

5.000M

UMA

Related transactions

0xb0adbf157e33f7c79562ae06c5beccf081bb0f52

Coinbase deposit

Jul 17, 20:07

Wallet 0xb0a (likely Placeholder VC) just deposited all 5M UMA ($11.85M) to Coinbase:

transaction: 0x8e0b4fa945351a39242abc65a99d025909e28b001674167b45c1b7c3cf41e02e
address: 0xb0adbf157e33f7c79562ae06c5beccf081bb0f52

Notably, this wallet's 5M UMA ultimately came from the wallet 0xf2bb00622f73357989346132236ee92ee5ec632a which allegedly belongs to Placeholder VC.

Overall, Placeholder VC:

received 6M UMA from the UMA Deployer on January 10, 2020, when the price was $0.304 ($1.82M);
further withdrew 350,864 UMA from Coinbase at an average price of $1.715 (estimated cost: $602K) on December 3 and 31, 2022;
deposited all the tokens back to Coinbase at an average price of $4.586 ($29.1M) between February 14, 2021, and July 18, 2024.

Fig 1. Placeholder VC's alleged UMAa trading history.

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#deposit

#placeholder vc

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#coinbase

#profit

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Placeholder VC allegedly moved 5M UMA ($11.85M) to Coinbase

Last synced: Jul 17, 20:10

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2024 Oct 18 - 06:54

Wallet linked to the UMA project deposited $1.33M worth of UMA to Coinbase

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2024 Apr 08 - 21:07

Presumed investor's wallet deposited UMA to Coinbase Prime

Wallet 0xc19 (likely an investor or the project) just deposited 550,860 UMA ($2.2M) to Coinbase Prime after 1.25 years of dormancy. Notably, the wallet belongs to a network of several wallets that received UMA from the deployer in 2020 and then deposited the tokens to CEX amid price surges.

2024 Feb 10 - 00:30

FTX and Alameda unloaded more assets to MM and CEX

FTX and Alameda Research further transferred $10.2M in 13 tokens, including ETH, TON, and CREAM, among others, to Market Maker and CEX in the past 5 days. In total, FTX and Alameda Research have unloaded at least $735M worth of 116 tokens since October 24, 2023.

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