BlockTower Capital swapped 999,849 $FRAX for 174,087 $FXS at an average price of $5.743 on October 16, at 4:11 PM (UTC):

• address: 0x6308a45e861b7bed353e821469a1b4c26c613243

Notably, BlockTower Capital has completed 2 $FXS trading cycles before this third and ongoing one and currently has an estimated cumulative loss of $69.2K from the token:

1. First cycle:

• bought 160,382 $FXS with 999,452 $FRAX at $6.232 on average on August 19 and 20, 2022
• sold 160,382 $FXS for 1.063M $FRAX at $6.627 on average on September 9 and 10, 2022
• realized profit: $63,463 (+6.35%)

2. Second cycle:

• bought 144,144 $FXS with 1.000M $FRAX at $6.938 on average on May 9, 2023
• sold 144,144 $FXS for 876,322 $FRAX at $6.079 on average on May 12, 2023
• realized loss: $123,677 (-12.4%)

3. Third cycle:

• has bought a total of 241,997 $FXS with 1.388M $FRAX at $5.734 on average since October 13, 2023 (3 days ago)
• currently still holds all $FXS (worth $1.379M)

 

Fig 1. BlockTower Capital has bought a total of 241,997 $FXS with 1.388M $FRAX at $5.734 on average since October 13.

Fig 2. BlockTower Capital's overall $FXS trading history.