January 25, 2025

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Potential GCR Addresses Identified

Legendary trader Gigantic Rebirth, better known as GCR, may have just revealed another two of his previously untagged addresses.
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    Legendary trader Gigantic Rebirth, better known as GCR, may have just revealed another two of his previously untagged addresses. The two addresses deposited into a Kraken deposit address (0x750) used by his public wallet, ezekielx.eth, which had just transferred ~$642K worth of ETH to the deposit address on the same day.

    This method of connecting wallets is known as identifying "centralized exchange (CEX) deposit reuse." Exchanges typically assign a unique deposit address to each user account to track incoming funds. When multiple independent blockchain addresses send funds to the exact same exchange deposit address, on-chain analysts can infer with high confidence that all those sending addresses belong to the same entity, effectively breaking the user's anonymity.

    GCR’s public address on Arkham
    GCR’s public address on Arkham

    The first address, 0xC70, was active on-chain during 2023, trading popular coins then including Rollbit (RLB), HarryPotterObamaSonic10Inu (BITCOIN) Hamstersgg (HAMS) and Mog Coin (MOG), netting him more than $1.2M in profits. The wallet address also lost almost 174 ETH trading the Azuki NFT collection.

    Deposits into 0x750 from GCR and the two addresses, 0xC70 and 0x210
    Deposits into 0x750 from GCR and the two addresses, 0xC70 and 0x210

    The second address, 0x210, saw the majority of its transactions in late 2024, profiting off coins such as SPX6900 (SPX), STFX and TRUMP. The address also lost money trading the memecoins, LMEOW and SHRUB.

    Despite these addresses being uncovered, it seems unlikely that these addresses were ever intended to be reused again, with the recent transactions simply to clear out the remaining ETH and USDT in these addresses. Nevertheless, looking through his past transaction records could still yield intriguing insights into GCR’s thought process.

    For aspiring traders, studying these historical "wallet graveyards" is often more valuable than trying to copy-trade live transactions. By reviewing past data, analysts can reconstruct the trader's behavior during market volatility—specifically, how they sized their positions relative to their portfolio and whether they sold into strength or panic-sold during dips. This retrospective analysis separates luck from a repeatable, disciplined strategy.

    Some of 0xC70’s trades on the RLB token
    Some of 0xC70’s trades on the RLB token

    Arkham

    The Arkham Research Team comprises analysts and engineers who worked at Tesla, Meta, and Apple, alongside alumni from the University of Cambridge, Imperial College London, UC Berkeley, and other institutions.

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    Arkham
    The Arkham Research Team comprises analysts and engineers who worked at Tesla, Meta, and Apple, alongside alumni from the University of Cambridge, Imperial College London, UC Berkeley, and other institutions.
    Information provided herein is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Arkham makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless; additionally, digital assets are not covered by insurance against potential losses and are not subject to FDIC or SIPC protections. Historical returns are not indicative of future returns.