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Analyzing the holdings and transaction records of these giant whales and institutions, we can find different investment ideas.
Original title: “With a daily income of nearly 5 million yuan, what assets do these DeFi whales and investment institutions hold? 》
Written by: longcrypto
Giant whales and institutions have always been two important forces influencing Crypto. The amount of money in their chain address has always affected everyone’s curiosity. At the same time, the on-chain behavior of these addresses is sometimes very helpful for ordinary users to make investment decisions. Unlike traditional funds that have to wait until a quarter to disclose their positions, the blockchain addresses are open and transparent, which allows us to check the positions of these giant whales and institutions at any time.
On September 15th, @mcasto _ broke the news on Twitter that ParaFi Capital, a blockchain investment institution, bought bottoms on PERP and dYdX, costing more than US$4.5 million. Following the vine, three wallet addresses of ParaFi Capital were also exposed.
ParaFi Capital was founded in 2018 by Benjamin Forman, a former employee of private equity giant KKR, and is headquartered in San Francisco. ParaFi Capital is extremely low-key. The official website only has a simple text introduction and does not even disclose any portfolio.
However, this institution has always been active in the media’s sights, investing in more than 40 projects including Maker, Uniswap, Kyber Network, The Graph, AAVE, Lido Finance, Synthetix, 1inch, Zapper, etc., covering DEX, lending , Derivatives, asset management, infrastructure and many other tracks. At the end of 2019, ParaFi Capital managed approximately US$25 million in assets. By the end of 2020, it has exceeded 100 million U.S. dollars.
Through the asset management tools on the chain, we can clearly see the assets held on the ParaFi Capital chain, which are currently worth more than 70 million US dollars.
Furthermore, we can also see the assets in these wallets and the history of past transactions.
Affected by the Evergrande crisis and news from the Federal Reserve, the Crypto market has been turbulent recently, and the voice of “the bear market is coming” has once again emerged. Are institutions and crypto whales gone?
Looking at the transaction records of ParaFi Capital in the last half month, apart from short-term participation in AGLD speculation and the sale of 1.94 million AAVEs on the 18th, almost no significant reduction in holdings has been found. Moreover, ParaFi Capital is particularly fond of dYdX. It has initiated at least 8 purchases since the 14th. It has continued to increase in the recent decline in the market. The cumulative purchase of dYdX has exceeded 600,000, and nearly 7.7 million US dollars have been used. Currently, the total value of these dYdX is approximately US$8.3 million.
Using professional on-chain analysis tools such as Nansen, combined with social tools and professional blockchain media news information, you can cross-locate the wallet addresses of institutions and giant whales. Below are the wallet addresses of some institutions and well-known figures.
Vitalik Buterin: Love Ethereum
The total assets of Vitalik Buterin’s 3 public wallet addresses are approximately US$960 million, mainly ETH assets. The Vitalik Buterin wallet received 50% of SHIB (Shiba Inu) in August 2020. In May of this year, the value of these tokens was close to 10 billion U.S. dollars. Subsequently, Vitalik Buterin burned most of these tokens, and the remaining part was donated to the Indian Crypto Anti-epidemic Foundation of approximately US$1 billion.
In addition, assets worth $1 million were used by Vitalik Buterin to provide liquidity in Uniswap, the avalanche ecological project Pangolin, ELK, and the BSC ecological project Pancakeswap.
Justin Sun: Daily income of nearly 5 million
Justin Sun Wallet’s net assets are as high as 4.8 billion U.S. dollars. Total assets are more than 7 billion U.S. dollars, and 3 billion U.S. dollars comes from borrowings from Compound and Liquity. Judging from the top 10 positions, Justin Sun does not seem to be optimistic about the market outlook. He holds USDC, TUSD, USDT, DAI, BUSD and other stable currency assets of more than US$4.5 billion, while the total assets of BTC and ETH are only US$2.5 billion.
More than US$7 billion was allocated by Justin Sun to “farming” Aave, TrueFi, Ellipsis, Liquity, Compound, Pancakeswap, Alpaca Finance, Curve, Wault, and SushiSwap, generating more than US$700,000 (approximately 4.6 million yuan) in income every day.
Alameda Research is a world-renowned crypto market maker, as well as an investment institution, known as the DeFi gangster. The owner behind the scenes is SBF, the founder of FTX. Alameda Research’s investment landscape includes star projects such as Solana, SushiSwap, Lido, and Arbitrum. Some DeFi players like to find projects from Alameda Research’s portfolio that have not yet been listed on Coinbase or Binance as investment observation objects.
Alameda Research is a ruthless money-making machine. It can either take Solana to the sky regardless of the market situation, or it can sell Reef Finance back and forth.
According to the two wallet addresses marked by Nansen, Alameda Research’s total assets are approximately US$700 million. Among them, stable currency assets are 330 million U.S. dollars, and the total value of BTC and ETH is 180 million U.S. dollars.
Alameda Research is not picky eaters. It is cultivated in Ethereum, BSC, Polygon, Fantom, HECO, Avalanche and Arbitrum, and these farms can generate 200,000 US dollars a day.
Three Arrows Capital
Three Arrows Capital is also a ruthless character. Soon after the news of 0xMaki’s resignation from SushiSwap’s leadership position was released, Three Arrows Capital quickly liquidated SUSHI worth approximately US$29 million. Looking back, the timing of the clearance at that time was very delicate, and it perfectly escaped the weekend’s plunge.
The total assets of a16z wallet are nearly 30 million, almost all of which are contributed by MKR. Transaction records show that the operation frequency of this address is very low.
From the Internet to the blockchain, a16z occupies a leading position in almost every change of the times. The companies it invests in Facebook, Twitter, Groupon, Skype, etc. have already grown into super behemoths, while Crypto star projects such as Coinbase, dYdX, Solana, OpenSea, etc. are all showing their domineering spirit and are likely to become the trillions of the next era. platform. Just as the famous phrase “software is eating the whole world” by Anderson, the founder of a16z, crypto will also eat the whole world. On June 24 this year, a16z once again raised $2.2 billion in funds, becoming the largest crypto venture capital institution with the largest scale of fund management.
Arca has not disclosed many investment cases publicly, but in the DeFi Summer wave last year, Arca’s chief investment officer Jeff Dorman talked about SUSHI’s undervalued tweet, which showed the investment agency’s precise vision. Arca once held 7.5% of SUSHI supply, all purchased on the open market. At present, Arca still holds 3.2 million SUSHI, with a total value of nearly 32 million U.S. dollars.
CMS is also very active and has participated in the investment of projects such as the Avalanche Foundation, the on-chain derivatives platform dTrade, the Solana-based development ecosystem SolRazr, the AMM protocol Cyclos, and the algorithmic stable currency protocol UXD Protocol for one month.
The main asset of the CMS wallet is dYdX, which has nearly 18 million and a total value of 22 million US dollars.
Founded in 2017, Multicoin Capital is a theory-driven crypto fund. Last week, Multicoin Capital rethinked the value capture capabilities of DeFi tokens in “The DeFi protocol does not capture value, and the tokens that manage risk are more valuable “.
The main asset of the Multicoin Capital wallet is PERP, which has 1.25 million and a total value of 15 million U.S. dollars.
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