Frax (prev. FXS) (FRAX)

FRAX trading is now live on @CoinoneOfficial🎉

FRAX is our upgraded ecosystem token, used as gas on our L1 Fraxtal. It offers exposure to the future of digital dollars through the growth of our GENIUS-compatible stablecoin, frxUSD. https://t.co/0IU5VB7IFS

Frax always one step ahead https://t.co/F7sxv3Ft9R

5k USD Challenge Review (2/1 ~ 3/30) (1)

Conclusion: 50k -> 150k

Hello, long time no see
I'll recap what I intended to do before the $50k challenge
I think I’ll be shutting down the channel, so I’ll also provide some notice

The profit is only from turning the $50k into profit,
all trades made with the original seed are excluded
I did not engage in risky activities
So I didn’t earn a lot, but I also never incurred a loss
I only dealt with spot gaps, DEX gaps, CEX arbitrage, and exploit‑based trades
I never touched futures positions on both sides or overly large positions

In February I was heavily harassed personally and could barely trade
In March I got active again
In most cases out of the $50k I only used about $20k
I’ll only write about the most significant points and add the wallet address at the end
I used several wallets, but will list only the main one
I have now changed all exchange and wallet addresses

- End of January (Bithumb)

Bithumb set the daily withdrawal limit for most coins
very low (about $2,000 per account), and when pumping occurs on Upbit or overseas exchanges

Normally you would buy on Bithumb, transfer to an overseas exchange and sell,
creating demand for Bithumb price to align with overseas price,
but withdrawals were impossible, so Bithumb’s price remained artificially cheap

The most memorable case was FRAX; during the rebranding from FRX to FRAX,
for a relatively long period (about 1–2 weeks) Bithumb was more than 10% cheaper

At that time, those who were trading together quickly caught the opportunity,
hedged heavily when the market moved opposite or in the same direction,
opened multiple accounts on Bithumb and Upbit,
sent USDT from Gate exchange to several Bithumb accounts,
and used the per‑account limit (about $10k per day) across many accounts to withdraw quickly, generating large profits.
The tip was to keep everything in one account and then easily move it to other nominal accounts via the order book (reverse arbitrage was possible anyway).

Also, when FRAX first listed, CEXes showed absurd price gaps,
and later even sending FXS directly to Binance …