Onchain Wizard Alert - Notable Wallet Activity (6/22/22)

I’ll be doing the “monthly” whale watching + sentiment issue next week, but came across some interesting movements from one particular fund, that I thought was worth sharing ASAP. In my Current State of Crypto post, I outlined why I don’t think we are out of the woods yet, with one of the driving factors being fund redemptions for Q2-22. As we’ve seen in the past few months, forced selling can have a large impact in crypto, especially on low liquidity alts. Looking at one pretty well known fund wallet, it seems that we are seeing the potential impacts of redemptions (or just straight capitulation) play out in front of us.