Dragonfly Capital recently made significant moves in the market, with two of its addresses depositing 62.62 million AEVO tokens (equivalent to $25.04 million USD) into FalconX. Reports suggest that this transaction clears out all of Dragonfly’s AEVO positions that were accumulated since May, leading to an estimated loss of $36.84 million. Between May 13 and May 15, Dragonfly had withdrawn 63.23 million RBN tokens from Coinbase, purchasing them at an average price of $0.9882 per token. They then swapped RBN tokens one-to-one for AEVO. However, the market downturn hit hard—AEVO’s price has now dropped to $0.3999, marking a nearly 59%
The post Dragonfly Capital Clears AEVO Positions, Takes $36.84M Loss Amid Market Decline appeared first on The Merkle News.
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One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks.
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