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Top altcoins held by Crypto Billionaires

Have you ever wondered how billionaires and prominent business magnates navigate the market? The altcoins they trade, their activity in DeFi protocols, and the strategies they apply to grow their wealth?

Cross-chain data sheds light on how the richest individuals in the cryptocurrency market behave. Hence, it provides valuable insights into investment strategies, risk management, and profitable opportunities.

Andrew Kang: Crypto Instincts Billionaire

Andrew Kang reaches the list of cryptocurrency billionaires. He is a co-founder of Mechanism Capital and has a net worth of over $200 million. As a result, insights into his on-chain strategies can be gleaned by tracking him Public wallet address.

Kang made a large initial purchase of 795,120 ARB tokens worth nearly $1 million on April 4. Then, he bought 816,010 and 693,120 ARB worth approximately $1.84 million on April 5th.

Andrew Kang’s on-chain activity. source: Arkham Intelligence

Before the Arbitrum Foundation revealed its two new governance proposals on April 6, Kang acquired 2.31 million ARB tokens. Then, he sold all of his ARB holdings on April 19th, earning an impressive 40% return on investment.

Lafa: investing in tokens with power (3,3)

Lafa, founder of the DeFi DEUS protocol, has a net worth of $5 million. the Public wallet address From this crypto billionaire reveals investments in various DeFi tokens, specifically Solidly and Ve(3,3).

  • $2 million in SOLID
  • $560,000 at THE
  • $185,000 in SNEK
  • $372,000 in RAM
  • $35,000 IN EQUAL
Crypto Billionaires: Lafa's Ongoing Activity
Lafa sequential activity. source: Arkham Intelligence

These codes have not been doing well lately. However, Lafa seems to have placed his bets on Solidly and Ve(3,3) tokens.

Justin Sun: DeFi activities in the TRON ecosystem

Justin Sun is one of the youngest cryptocurrency billionaires. He is the founder of TRON and has a net worth of over $400 million.

track him down Public wallet address He reveals his investments in various tokens:

  • $850,000 at AAVE
  • $286,000 in the CRV
  • $173,000 at COMP
  • $165,000 in MULTI
  • $156,000 in CVX
  • $146,000 in the Matic
  • $105,000 in KCS
  • $103,000 in sushi
Justin Sun Crypto Holdings
Justin Sun Crypto Holdings. source: Arkham Intelligence

Sun is actively involved in DeFi activities to grow his crypto wealth. By providing liquidity in DeFi, it contributes its assets to liquidity pools that facilitate transactions and trading on decentralized crypto exchanges. Thus, he earns a fee or bonus for liquidity, which contributes to his investment returns.

Arthur Hayes: Fancy $GMX

Arthur Hayes is another successful analyst who made the top crypto billionaires list. Co-founder of BitMEX and has a net worth of over $500 million.

track him down Public wallet address Shows his investments in various tokens:

  • $44,000 IN BOND
  • $31,000 in ETH
  • $19,000 IN PENDLE
  • $14,000 in ARB
Arthur Hayes Crypto Holdings
Arthur Hayes Crypto Holdings. source: Arkham Intelligence

A closer look at DeFi’s activities reveals that it relies heavily on decentralized cryptocurrency exchange GMX. In fact, Hayes has bet quite a bit of money on GMX and is making returns from it:

  • You earn $15.70 million in GMX
  • Make a Million Dollars in Escrowed GMX (esGMX)

At a minimum, GMX offers Hayes an annual interest rate of 4.32%, paid in full in Ethereum (ETH), worth between $3,000 and $5,000 per day.

Arthur Hayes Sticking Bonuses
Arthur Hayes Sticking Bonuses. source: Arkham Intelligence

Hayes has made a profitable run by running most of his holdings in GMX. Therefore, observing a crypto-billionaire’s on-chain activity and buying behavior can provide ample opportunities.

Crypto Billionaires 2023: Buying and betting might be the answer

Tracking the cross-chain activities of crypto billionaires reveals invaluable insights into the investment strategies, risk management, and opportunities they seize to grow their wealth. Indeed, these influential personalities remain at the forefront, actively participating in various protocols and experimenting with new strategies.

Understanding how these individuals trade in the market can provide a wealth of knowledge for investors and cryptocurrency enthusiasts. Therefore, one should learn from their achievements and failures to develop a more informed and robust approach to investing in cryptocurrencies.

While it is essential to remember that every investor’s risk tolerance and goals differ, understanding the actions of the most successful players can be a guiding light in the complex and often volatile crypto industry.

Disclaimer

Following the Trust Project’s guidelines, this featured article features opinions and perspectives from industry or individual experts. BeInCrypto is dedicated to transparent reporting, but the opinions expressed in this article do not necessarily reflect those of BeInCrypto or its employees. Readers should independently verify information and consult with a professional before making decisions based on this content.

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