Ace Crypto Investor Rahul Kumar Reveals Massive Zilliqa Holdings
Zilliqa is a high-performance, high-security blockchain platform known for its unique sharding technology, which enables it to process transactions more efficiently than many other blockchains. This technology makes Zilliqa particularly suited for applications requiring high throughput and scalability, such as decentralized finance (DeFi) and gaming.
Rahul Kumar, a prominent figure in the crypto investment world, has recently disclosed his significant holdings in Zilliqa, amounting to over 243,562,745 ZIL tokens. A screenshot from his Binance account reveals this substantial stake, which, at the current market price of $0.01385 per ZIL, equates to approximately $3.37 million.
Kumar is reportedly in the process of launching a fund focused exclusively on Zilliqa, drawing parallels to the well-known Grayscale. Grayscale is an investment firm that offers institutional and retail investors exposure to cryptocurrencies through publicly traded financial products, such as its flagship Bitcoin Trust (GBTC). Similar to Grayscaleâs approach, Kumarâs fund would allow investors to gain exposure to Zilliqa without the need to directly purchase and manage the cryptocurrency themselves.
