This is the TX that sent the original Liquidity transaction to UNI : https://etherscan.io/tx/0x1d7d61e81b4d46bce09c4d09f2e3698b3071ee38ea34c61936608c0c409fdb3a
This is the 700 ETH buy: https://etherscan.io/tx/0x487d1fe2c85bd5ad2a04111e955391a4346abd7bae8e738ebaee49bd65e03962
This is the address shown on both of the TX’s: https://etherscan.io/address/0x1e559dba578e519c81c8cfd059714cd69b1bc706
As you can see they are the same address leading others to believe that the team made a 700 ETH buy on uni after the unpausing.
Here’s why that information is false: The address you see listed as 0x1E559dBA578E519C81C8CfD059714cd69B1bc706 is the address used to send WETH to UNI through the LPE contract after it executed.
The function to take ETH turn it into WETH and then sending to UNI is a Public function that ANYONE can call. This is the same case with CORE.
The core Dev even stated that the buy can be a bot. Shown here: https://twitter.com/x3devships/status/1313599688558477314
As we follow the transaction we can see that the buys and sells never withdraw ENCORE its self to another address because that is not possible. On the sells the ETH is sent to a different address as if it wasn’t it would wrap the ETH and send it right back to UNI.
After some digging i found that the bot that did this sent portions of the ETH to multiple addresses one of them being here: https://etherscan.io/address/0xe892afb0825045239c3f19929f3d52fc1c92b306
Notice how there is no OUT transaction yet the wallets balance is 0 and lists a contract creator. That leads here: https://etherscan.io/address/0x485b9a41e8bf06e57bb64c6ba7cb04f9d53d2d76
This contract has over 10k transactions and each TX states from “Gemini” Clicking on this leads us to this address https://etherscan.io/address/0xd24400ae8bfebb18ca49be86258a3c749cf46853
That address has over 20 million in ETH. Looking into the tokens it holds shows that its #1 held token asset is “Gemini dollar” looking this up on google leads us here: https://gemini.com/institutions
On their site they list “Gemini offers multiple API options — including WebSockets, FIX, and public and private REST APIs — to help institutions and traders access market data and trading services. Gemini’s primary trading platform and network point of presence (PoP) is housed in the Equinix NY5 data center in Secaucus, New Jersey. Customers can cross connect from their NY2/NY4/NY5 infrastructure or use an approved extranet provider to access Gemini production Market Data feeds, Drop Copy, and Order Entry sessions.”
Going back to the contract you see a contract creator address that leads us here: https://etherscan.io/address/0x4c2f150fc90fed3d8281114c2349f1906cde5346
This should clear up any allegations that the ENCORE team made these buys, The behavior seen here is concurrent to a BOT buy and sell algorithm utilizing smart contracts to call theses signals and the public function.
