Methodology

• The following two contracts are used to find USDC and USDT

where block_timestamp >= CURRENT_DATE - 40
  and mint = 'Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB'
  and l.label_type != 'nft' and l.label_type!='token'

where block_timestamp >= CURRENT_DATE - 40
  and mint = 'AoTKABCgrfjMXDo7Rtbcgcphi3XCJRjJ74Vpyc3ENMor' --USDT
  and l.label_type != 'nft' and l.label_type!='token'

• As you can see, the last 40 days have been analyzed

• To find the names, the crosschain.core.address_labels labels table is used

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• In this analysis of whales, there are 20 top wallets that have the most USDC withdrawals

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Removed USDC

:triangular_flag_on_post: In the following 4 graphs, the top USDC withdrawal destinations are checked in the form of USDC volume and percentage based on the number of senders and the percentage of the number of senders.

Removed USDC(Daily)

:triangular_flag_on_post: In the following 4 graphs, the top USDC withdrawal destinations are checked in the form of USDC volume and percentage, based

on the number of senders and the percentage of the number of senders on a daily basis.

• The most removed was on October 5
• The most sender was on October 5
• In the second place, the most departures were on September 15

whales

:triangular_flag_on_post: In the two graphs below, the top 20 whales that caused USDC exit are analyzed

The address of the top whale →FULFa****idmvn

Comparing whales with non-whales

:triangular_flag_on_post: In the chart above, the influence of whales and non-whales

in the USDC withdrawal has been examined as a percentage

and based on this, it seems that about 68% of the USDC

withdrawal was done by whales and about 32% by non-whales.

In the following 4 graphs, 7 sender addresses that had USDC withdrawals are analyzed

• Output USDC volume
• Volume percentage of USDC output
• The number of recipients
• The number of recipients as a percentage

In the 4 graphs below, 7 sender addresses that have USDC withdrawals are analyzed on a daily basis

• Volume of USDC output on a daily basis
• growing volume of USDC withdrawals on a daily basis
• the number of receivers on a daily basis
• number of daily transactions

compare stable

:triangular_flag_on_post: In the two charts below, 10 exit destinations for USDC and USDT tokens are analyzed separately

• The largest share for USDC with about 92%
• USDT token with about 8%

Conclusion

:triangular_flag_on_post: In this dashboard, we examined the USDC withdrawal in Solana and based on this →

• The most USDC destination for ftx hot wallet with about 33%

• The second rank for Huobi Global Hot Wallet is about 32%

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• The most removed was on October 5
• The most sender was on October 5
• In the second place, the most departures were on September 15

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• The address of the top whale → FULFa****idmvn

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• comparing the impact of whales and non-whales, it seems that about 68% are whales and about 32% are non-whales

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• The largest source of USDC withdrawal with about 48% ftx hot wallet

• The second rank of kucoin hot wallet with about 20 percent

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• Comparing USDC with USDT, it seems that USDC plays the biggest role with about 92% and USDT with about 7%

written by

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

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