1/9 Time for some smart money tracking
This week I’ve been digging into $FXN from @protocol_fx using @nansen_ai & what I found is pretty interesting
Let’s break down who’s buying, what they’re holding, and why I bought a bag
🧵👇
2/9 First of all, I recommend you read my latest newsletter for a fundamental overview of @protocol_fx:
3/9 First look: $FXN’s token balance:
91% is held by the team.
3% is sitting on Curve (wETH/FXN and cvxFXN/FXN pools).
So the float is tight.
But what really matters is who’s buying now.
4/9 Found three wallets recently accumulating $FXN.
The second one caught my attention. Ranked in the Top 100 LDO leaderboard.
Portfolio value: 1M
Swapped LDO → FXN on May 22
Bought 2K FXN and already +66% in profit
Also active on $PENDLE, $CRV, and deposited $70K into FX Protocol.
6/9 Want to track what these whales do next?
Simple. I set an alert on Nansen to get notified of any activity involving $FXN.
And it already paid off. The next day, this wallet bought:
– 50K of $FXS (Frax gov token)
– 25K of $SKY (Maker gov token)
Stablecoin governance rotation? Possibly.
8/9 All this research was done using @nansen_ai
Tracking smart wallets, setting alerts, following trends—it’s the best tool for onchain research.
If you want to try it, use my referral link to save 10% on the Pioneer plan:
Stay curious, not financial advice
9/9 Making real content against AI content creators is a tough game.
So I'm going to ask you one thing:
Just like & reply to this post.
The work I'm doing is free, and I hope it provides actionable insights to you.
I rely on your support fam !
Stay curious !
Stay Safu
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