Inca Digital approached this report addressing the following requirements:
Inca Digital’s Investigation Team is often tasked with collecting hidden data on crypto market participants. Although the blockchain space supplies troves of open data to sift through, trading venue activity often remains a mystery due to unreliable trade data and a lack of transparency from trading venue owners. To fill these data gaps, we leverage a variety of Natural Language Processing (NLP) techniques that can produce reliable datasets based on the digital footprint of crypto users. In the…
In November 2020, Inca’s Investigation Team noticed unusual transaction patterns occurring in Compound protocol on Ethereum. These unusual transactions potentially indicate crypto whales moving large amounts of DAI across the Compound protocol to drive up the key DeFi adoption indicator – TVL.
While many exchanges have recently started to delist privacy coins, OKEx’s Monero (XMR) and ZCash (ZEC) markets remain active with abnormal trading patterns. XMR’s time of trade distribution on OKEx noticeably falls out of the common flow of activity observed on Binance and Huobi.
Tether has been the subject of multiple investigations over the past few years. Most fit in at least one of these categories:
SENSO token demonstrates suspiciously high and stable trade volume on Bittrex, KuCoin, and Poloniex. Observed trading patterns are consistent with wash trading.