The cryptocurrency market has experienced a period of low volatility and lackluster performance recently, yet certain tokens have managed to deliver remarkable returns. One such project is Autonolas (OLAS), which saw its token price surge over 10x in just two weeks, drawing significant attention from the crypto community.
A notable whale address, previously unassociated with OLAS, began accumulating the token in multiple large transactions. Within a day, this address became the 9th largest holder of OLAS on-chain. While platforms like Nansen do not explicitly tag the owner of this address, its substantial holdings align closely with a list of altcoins previously shared by Su Zhu, the founder of Three Arrows Capital. This has led to widespread speculation that the address may belong to him.
By examining the holdings and activities of this suspected whale address, we can gain insights into which assets are currently attracting smart money.
Overview of Whale Address Holdings
Address 1: Portfolio Value ~$2.46 Million
Address: 0x51eb4521ac4c354447a699ffcfb827dd941da04b
Autonolas (OLAS)
Autonolas, also known as Olas Network, is a protocol designed to coordinate ecosystem contributors and capital providers through a DAO structure and token economics. It aims to create a unified network for off-chain services, including AI, oracles, and cross-chain communication.
The Autonolas DAO was established in the summer of 2022, and its token, OLAS, was launched via a liquidity bootstrapping pool in July 2023. After a quiet initial month, OLAS began its upward trend on August 9, rising from $0.10 to a current price of $1.50—a gain of over 15x. Its fully diluted valuation (FDV) now approaches $800 million.
The suspected whale address started accumulating OLAS on August 23, purchasing over 1.4 million tokens to date.
Pear Swap (PEAR)
PEAR is the governance token of the Pear Swap DeFi protocol. The platform allows users to post trading information for any token, facilitating OTC and P2P transactions without intermediaries.
PEAR was launched in May 2023 and traded sideways for three months before gaining momentum. The announcement of PearSwap v1's public test version on August 11 triggered a significant price increase, with the token rising from $0.009 to $0.062 in half a month—a 7x gain.
The address began acquiring PEAR on August 21 and currently holds 437,000 tokens, valued at approximately $22,000. At the time of writing, PEAR is trading at $0.05166, with an FDV of $5.1 million.
Address 2: Portfolio Value ~$1.8 Million
Address: 0xc49a3e19c90f86035dfba5a6d7e326b857bddbab
Hilo Dapp (HILO)
This address holds 2,451,514 HILO tokens, worth around $435,000. HILO's price saw moderate growth initially before surging significantly after August 19, peaking at $0.2347 on August 23. Notably, the address received its first HILO tokens on August 20, demonstrating timely market entry. HILO is currently trading at $0.1783.
Hilo Dapp offers a user-friendly binary options prediction market for token prices. Users can predict whether a cryptocurrency's price will rise or fall within a selected timeframe, locking HILO tokens to participate and win rewards from the prediction pool.
Dubbz (DUBBZ)
Address 2 holds 178,638 DUBBZ tokens, valued at approximately $419,000. These tokens were acquired starting August 15. DUBBZ's price began rising around August 17, and the address made its first purchase on August 18. The token maintained strong upward momentum for several days before experiencing a recent pullback. DUBBZ is currently trading at $2.20, down 17.3% in 24 hours.
Dubbz is a platform bridging traditional gaming and Web3 through innovative monetization and seamless onboarding. It focuses on SaaS and esports platforms, integrating competitive gaming with blockchain technology. Holding DUBBZ tokens grants users benefits such as 50% fee discounts, exclusive tournaments, and early access to features.
Unibot (UNIBOT)
This address holds 8,010 UNIBOT tokens, worth approximately $960,000. UNIBOT has experienced significant volatility over the past month, with prices doubling and halving multiple times. The address first acquired UNIBOT during a minor price peak in late July.
Unibot is a Telegram-based trading tool that enables faster transactions than conventional DEXs. With a total supply of only 1 million tokens, UNIBOT reached prices as high as $200 per token. The entire supply is in circulation, with a 24-hour trading volume of $13,180,156.
Address 3: Portfolio Value ~$4.5 Million
Address: 0xa54d176707d72e22163630ffb82342559e00b547
HarryPotterObamaSonic10Inu (BITCOIN)
Address 3 holds 21,740,385 BITCOIN tokens (HarryPotterObamaSonic10Inu), valued at approximately $2.61 million. While this meme coin has been one of the top performers this bull run, second only to PEPE, its recent monthly performance has been less impressive.
Notably, Su Zhu included HarryPotterObamaSonic10Inu in his personal watchlist shared in mid-July. Other tokens from his list, including MKR, COMP, RLB, and OX, have also shown significant gains.
AirTor Protocol (ATOR)
This address holds 1,146,748 ATOR tokens, worth about $756,000. ATOR maintained a steady upward trend throughout the past month, doubling in price before experiencing a slight correction.
AirTor Protocol supports relay operators on the decentralized internet while enhancing user privacy. The protocol distributes ATOR tokens to reward operators for maintaining Tor network security and efficiency.
ATOR has a total supply of 100 million tokens, all currently in circulation. However, its daily trading volume remains relatively low at $374,555.
Rollbit Coin (RLB)
Address 3 holds 4,000,000 RLB tokens, valued at approximately $587,000. The token has doubled in price since Su Zhu's endorsement, though recent market conditions have affected its performance.
Rollbit, a gambling platform on Solana, experienced rapid growth in 2023. While specific operational data isn't available, RLB has gained over 50x year-to-date. The project recently updated its tokenomics, dedicating portions of casino, sportsbook, and contract revenues to daily buybacks and burns of RLB.
RLB has a total supply of 5 billion tokens, with 3.29 billion currently circulating. Its 24-hour trading volume is $5,896,093.
MOG Coin (MOG)
This address holds 9,655,628,871,577 MOG tokens, worth approximately $570,000. The token has seen explosive growth, increasing over 7x in the past 30 days.
With a total supply of 420 trillion tokens, MOG is another meme coin with a daily trading volume of $3,999,279. The recent listing of 1000MOG contracts on Su Zhu's OPNX exchange may have contributed to its price surge.
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Frequently Asked Questions
What is a crypto whale?
Crypto whales are individuals or entities that hold large amounts of cryptocurrency. Their trading activities can significantly influence market prices due to the substantial volume of their transactions.
How do whale movements affect cryptocurrency prices?
When whales accumulate or dump large quantities of a token, it often creates buying or selling pressure that moves markets. Many traders watch whale activity as an indicator of potential price movements.
What is the significance of Su Zhu's watchlist?
As a prominent figure in the crypto space, Su Zhu's investment choices and recommendations often attract attention and can influence market sentiment toward specific tokens.
Are these whale addresses definitely owned by Su Zhu?
While the holdings align with Su Zhu's published watchlist, blockchain addresses are pseudonymous by nature. Without explicit confirmation, ownership remains speculative.
What risks are associated with following whale investments?
Whales may have different investment timeframes and risk tolerances than retail investors. Following their moves without understanding their strategy can lead to significant losses, especially with volatile assets.
How can I track whale activity myself?
Various blockchain analytics platforms like Nansen, Etherscan, and DEX Screener provide tools to monitor large transactions and identify whale movements across different networks.