How to Track On-Chain Partnerships and Profit from Them | Case of ApusCoin and Wintermute
#Wallets
On July 9, ApusCoin announced a new partnership with Wintermute aimed at improving liquidity and scaling the project - https://x.com/ApusCoin/status/1810374261019734127.
One of the key events of this partnership was a transaction where a wallet with the address 0x2c77 transferred 1.2 billion $APU (approximately $592K) to Wintermute's wallet at address 0xc702.
Tracing the history of the 0x2c77 wallet reveals that it acquired 3.7 billion $APU (approximately $50K) back in March. Since then, the owner has not sold the tokens, despite their value increasing 40-fold. Currently, this wallet holds 2.55 billion $APU, which is valued at approximately $1.2M.
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