Sigil Fund allegedly moved 1.72M SYN ($604K) to Binance at big loss

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Aug 13, 08:30

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Sigil Fund allegedly moved 1.72M SYN ($604K) to Binance at big loss

Outflow

Related addresses

Sigil Fund (likely) 0xcc0

Total tokens transferred

1.723M

SYN

Related transactions

Sigil Fund (likely) 0xcc0

Binance deposit

Aug 13, 08:01

Wallet 0xcc0 (likely Sigil Fund) just deposited 1.72M SYN ($604K) to Binance:

transaction: 0x8540ab1654220aeaaedafe1a57164e8f8b418ce4c90e85499a8c69a8b7f1d45c
address: 0xcc08c2610f799c73aa5475807f74e8162020a909
This address may belong to the entity Sigil Fund

Notably, the wallet withdrew those SYN tokens from Binance at $0.808 on average (estimated cost: $1.39M) on January 24 and 26, 2024. If truly selling now at $0.351, the wallet would realize an estimated loss of $789K (-56.6%) after 6.5 months.

Fig 1. The overall SYN trading history of Wallet 0xcc0 (likely Sigil Fund).

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#binance

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Wallet 0xcc0 (likely Sigil Fund) moved 1.72M SYN ($604K) to Binance at big loss

Last synced: Aug 13, 08:47

Related signals

2024 Aug 19 - 14:00

Sigil Fund deposited the last 1.47M LDO ($1.54M) to Binance to stop loss

Sigil Fund just deposited the remaining 1.47M LDO ($1.54M) to Binance at $1.045 to stop loss. Notably, this is the VC's first LDO transaction in the past 6 months and also marks the end of the VC's LDO trade at an estimated loss of $245K (-4.68%) after over 3.5 years.

2024 Jun 07 - 12:08

Sigil Fund deposited the remaining AEVO to Binance

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2024 Apr 04 - 10:59

Whale moved all SYN to Binance for profits

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