Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis

Jun 14, 2023

Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis

Jun 14, 2023

Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis


The world of cryptocurrency is vast and continuously evolving. One of the tokens that has recently caught significant attention is the $FXS token of the Frax platform. For those who are not familiar with it, the value of the Frax platform primarily lies in its $FXS token. As of June 2023, some intriguing data reveals patterns and trends associated with this token. Here's a comprehensive breakdown.


1. Vesting Status of $FXS Tokens


Recent data courtesy of @Token_Unlocks indicates that approximately 90% of $FXS tokens have already vested. The vesting figures asymptote at a staggering 66.8 million $FXS, and as of today, about 61 million tokens have already been vested.


2. The Three Largest $FXS Whales


In order to understand the dynamics of this token, it’s essential to analyze its prominent holders or 'whales' as they are commonly referred to in the crypto world. By utilizing tools from @bubblemaps, and screening out exchanges and contracts, three significant whales were identified:

  • Wallet 1 holds an impressive $6.99 million of $FXS. The entity behind this wallet remains unknown.

  • Wallet 2, with a balance of $5.74 million $FXS, also has an undisclosed entity behind it.

  • Wallet 3 stands out not just for its $4.9 million $FXS holding but also because it is associated with @dragonfly_xyz.

The combined value of the tokens in these three wallets is a whopping $17.63 million $FXS.

3. Diversified Portfolio of The Whales

Beyond the $FXS tokens, these whales also have diverse portfolios:


  • Wallet 1 possesses $600k in USDC, $288k in FPIS (a governance token which gives its holders profits from the protocol and excess treasury yield), and $192k in ETH.

  • Wallet 2 keeps it simple with only some ETH in its holdings.

  • Wallet 3 is notably diversified with 54k in $POOL (a savings protocol based on Premium Bonds) and 15k in $DEVT (associated with Metaverse gaming).


4. How to Analyze The Wallets


For those interested in delving deeper into the portfolio of these wallets, they can be analyzed collectively or individually via this link. Kudos to @bubblemaps for shedding light on these intriguing wallets and to @Token_Unlocks for providing invaluable vesting data. The portfolio analysis was effectively conducted using @loch_chain.


5. Acknowledgments


A journey through the complex corridors of cryptocurrency markets is never solitary. It's essential to recognize the guides and mentors who provide insights and knowledge. Special thanks to:

  • @MacBubblemaps

  • @rektdiomedes

  • @defitrader_

  • @Dynamo_Patrick

  • @VirtualKenji

  • @CryptoDunn

  • @shivsakhuja

  • @AkadoSang

  • @CryptoGirlNova

  • @paulvinitsky

  • @Louround_

  • @Only1temmy

  • @AngeloDodaro


In conclusion, the Frax platform's $FXS token is making waves, and understanding its dynamics, prominent holders, and portfolio diversities can offer invaluable insights for potential investors and crypto enthusiasts.

Understanding the Vesting and Value of $FXS Tokens: An In-depth Analysis


The world of cryptocurrency is vast and continuously evolving. One of the tokens that has recently caught significant attention is the $FXS token of the Frax platform. For those who are not familiar with it, the value of the Frax platform primarily lies in its $FXS token. As of June 2023, some intriguing data reveals patterns and trends associated with this token. Here's a comprehensive breakdown.


1. Vesting Status of $FXS Tokens


Recent data courtesy of @Token_Unlocks indicates that approximately 90% of $FXS tokens have already vested. The vesting figures asymptote at a staggering 66.8 million $FXS, and as of today, about 61 million tokens have already been vested.


2. The Three Largest $FXS Whales


In order to understand the dynamics of this token, it’s essential to analyze its prominent holders or 'whales' as they are commonly referred to in the crypto world. By utilizing tools from @bubblemaps, and screening out exchanges and contracts, three significant whales were identified:

  • Wallet 1 holds an impressive $6.99 million of $FXS. The entity behind this wallet remains unknown.

  • Wallet 2, with a balance of $5.74 million $FXS, also has an undisclosed entity behind it.

  • Wallet 3 stands out not just for its $4.9 million $FXS holding but also because it is associated with @dragonfly_xyz.

The combined value of the tokens in these three wallets is a whopping $17.63 million $FXS.

3. Diversified Portfolio of The Whales

Beyond the $FXS tokens, these whales also have diverse portfolios:


  • Wallet 1 possesses $600k in USDC, $288k in FPIS (a governance token which gives its holders profits from the protocol and excess treasury yield), and $192k in ETH.

  • Wallet 2 keeps it simple with only some ETH in its holdings.

  • Wallet 3 is notably diversified with 54k in $POOL (a savings protocol based on Premium Bonds) and 15k in $DEVT (associated with Metaverse gaming).


4. How to Analyze The Wallets


For those interested in delving deeper into the portfolio of these wallets, they can be analyzed collectively or individually via this link. Kudos to @bubblemaps for shedding light on these intriguing wallets and to @Token_Unlocks for providing invaluable vesting data. The portfolio analysis was effectively conducted using @loch_chain.


5. Acknowledgments


A journey through the complex corridors of cryptocurrency markets is never solitary. It's essential to recognize the guides and mentors who provide insights and knowledge. Special thanks to:

  • @MacBubblemaps

  • @rektdiomedes

  • @defitrader_

  • @Dynamo_Patrick

  • @VirtualKenji

  • @CryptoDunn

  • @shivsakhuja

  • @AkadoSang

  • @CryptoGirlNova

  • @paulvinitsky

  • @Louround_

  • @Only1temmy

  • @AngeloDodaro


In conclusion, the Frax platform's $FXS token is making waves, and understanding its dynamics, prominent holders, and portfolio diversities can offer invaluable insights for potential investors and crypto enthusiasts.

Other blog posts

Loch, Inc. © 2023

2261 Market Street,

San Francisco, CA 94114

The content made available on this web page and our mobile applications ("Platform") is for informational purposes only. You should not construe any such information or other material as financial advice in any way. All information provided on the Platform is provided on an as is and available basis, based on the data provided by the end user on the Platform. Nothing contained on our Platform constitutes a solicitation, recommendation, endorsement, or offer by us or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All content on this Platform is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Platform constitutes financial advice, nor does any information on the Platform constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the platform before making any decisions based on such information. In exchange for using the Platform, you agree not to hold us, our affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Platform.

Loch, Inc. © 2023

The content made available on this web page and our mobile applications ("Platform") is for informational purposes only. You should not construe any such information or other material as financial advice in any way. All information provided on the Platform is provided on an as is and available basis, based on the data provided by the end user on the Platform. Nothing contained on our Platform constitutes a solicitation, recommendation, endorsement, or offer by us or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All content on this Platform is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Platform constitutes financial advice, nor does any information on the Platform constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the platform before making any decisions based on such information. In exchange for using the Platform, you agree not to hold us, our affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Platform.

2261 Market Street,

San Francisco, CA 94114

Loch, Inc. © 2023

The content made available on this web page and our mobile applications ("Platform") is for informational purposes only. You should not construe any such information or other material as financial advice in any way. All information provided on the Platform is provided on an as is and available basis, based on the data provided by the end user on the Platform. Nothing contained on our Platform constitutes a solicitation, recommendation, endorsement, or offer by us or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All content on this Platform is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Platform constitutes financial advice, nor does any information on the Platform constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the platform before making any decisions based on such information. In exchange for using the Platform, you agree not to hold us, our affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Platform.

2261 Market Street,

San Francisco, CA 94114