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Crypto KOL's insightful analysis: Using one wallet to trade cryptocurrencies for a year yielded nearly twentyfold returns, but it turned out to be an exchange address.

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Crypto KOL

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Who is Cyril – DeFi?

Cyril has 62,500 followers on Twitter and describes himself as "Helping others navigate the DeFi world, tracking whales to identify Smart money flows."

However, something that happened on May 26th might make him a bit embarrassed.

Alpha Thread Introduces How to Identify Whale Wallets

In a lengthy tweet thread posted by Cyril on May 26th, he introduced a wallet address that grew from $20 million to $390 million within a year, explaining step by step how he identified this whale on the chain.

He used several blockchain analysis tools:

  • Finding whale wallets: Etherscan

  • Analyzing whether specific token holdings are imbalanced: Bubblemaps

  • Analysis of project earnings, active users, and other data: Token Terminal

  • Identifying early-entry whales through "already pumped tokens": DEX Screener

The wallet address Cyril used for demonstration is: 0x46f.

However, blockchain analysis firm Arkham pointed out that this address is not a whale at all but actually belongs to the Turkish exchange BtcTurk | Pro, existing since 2013.

Alpha Thread Mistake

Arkham responded to this chain analysis article:

Hey Cyril, this is actually an address belonging to the BtcTurk exchange, these assets are user funds and do not necessarily represent the exchange's own position. You can check wallet labels on Arkham.

Cryptocurrency Twitter Alpha Thread Chaos

Co-founder of EthHub, Anthony Sassano, tweeted that he almost died laughing, these people who love to write threads are getting out of control.

Well-known KOL The DeFi Edge pointed out that there are still some great chain analysts like Lookonchain, The Data Nerd, and Thor Hartvigsen, but from the recent mass airdrop ambush articles to the more attention-grabbing early entry address analysis due to the meme coin frenzy, many have released inaccurate information, further harming Crypto Twitter.

In fact, Cyril – DeFi is not a saint. Previously, online detective ZachXBT exposed Cyril's questionable project endorsements, writing posts to promote them, and deleting them when the projects ran into issues.

Arkham also seems to have flaws in its analysis services, which previously led to users mistakenly sending coins to the U.S. government, but Arkham emphasizes that this was a result of users labeling addresses themselves.

Recalling April's chain misinformation alert: Bitcoin's brainless plunge to catch the culprit! Data company Arkham's Bitcoin warning becomes a target