Framework Ventures deposited 6.5M SNX ($19.62M) to Coinbase Prime

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Dec 05, 05:57

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Framework Ventures deposited 6.5M SNX ($19.62M) to Coinbase Prime

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Related addresses

Framework Ventures 0xa5f

Total tokens transferred

6.5M

SNX

Related transactions

Framework Ventures 0xa5f

Coinbase Prime deposit

Dec 05, 05:54

Framework Ventures just deposited 6.5M SNX ($19.62M) to Coinbase Prime:

transaction: 0x6c39999f738159e0831b9ff952b971e711c91c0965f7c067caa2140345ee732c
address: 0xa5f7a39e55d7878bc5bd754ee5d6bd7a7662355b
This address belongs to the entity Framework Ventures

Notably, the VC withdrew 6M SNX (then worth $7.2M) from Coinbase Prime at only $1.199 on August 5, 2024, the bottom. If Framework Ventures truly bought then and sold now, the VC’s profit would be $10.9M (+152%).

Framework Ventures was an investor in Synthetix and remains the largest holder of SNX with 17.9M SNX ($54M), all vested, under their holding.

Fig 1. Framework Ventures' recent SNX withdrawal and deposit from/to Coinbase Prime.

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Framework Ventures deposited 6.5M SNX ($19.62M) to Coinbase Prime

Last synced: Dec 05, 07:04

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