Recently, the market has been volatile and downward, with Bitcoin and most altcoins experiencing sharp declines. In this context, how the giant whales perform and whether smart money can resist the downward pressure have also become a hot topic in the market. In this regard, PANews took stock of the asset performance of the top ten whales listed by Arkham in the past three months.
It seems that most giant whales have not been able to escape the downward pressure, and their asset levels have shrunk to varying degrees, with Justin Sun and the smart money address @smartestmoney performing the most eye-catchingly.
Justin Sun: Thanks to the increase in $TRX, it outperformed Bitcoin
Justin Sun’s main holdings are $TRX (1.9 billion pieces, worth about $291 million), stablecoins ($USDD 276 million pieces, $USDJ 95.39 million pieces, $USDT 58 million pieces, $USDC 12.17 million pieces, worth about 446 million pieces) USD), Ethereum (13,000 coins, worth approximately US$30.77 million), Bitcoin (1,450 coins, worth approximately US$82.99 million), $BTT (101.6 billion coins, worth approximately US$91.45 million). Total assets are approximately $1.03 billion. The change in assets over the past 40 days, a decrease of $17 million, represents a loss rate of approximately 1.6%, while Bitcoin overall has declined approximately 18% during this period.
Source: PANews
Justin Sun’s largest single currency holding is $TRX, and he still holds 1.9 billion coins. Since the end of June, his $TRX holdings have decreased by about 200 million coins. However, due to the better recent trend of $TRX, from August 5 It rose 45% to August 25, reaching a peak of $0.17. Thanks to the rise in $TRX, Justin Sun’s position in this part also achieved a floating profit of approximately US$62.7 million.
In addition, Justin Sun’s stablecoin holdings have also increased significantly in the past 2 months. The current stablecoin holdings have reached US$446 million, accounting for 42.6% of the total positions. Therefore, during the overall fluctuation and downward trend of the market, the value of Justin Sun's position did not change much and basically remained at around US$1 billion. However, it is worth noting that this may not be all of Justin Sun’s positions, only the data shown on Arkham is counted.
Source: PANews
Rain Lohmus: Lose the secret key and miss the greatest return rate in life
Source: PANews
Rain Lohmus, the founder of Estonian LHV Bank, invested US$75,000 to buy 250,000 Ethereum coins during the initial coin offering of Ethereum in 2014. These Ethereum coins are currently worth US$580 million, and these assets once reached US$1 billion in March this year. However, it is a pity that Rain Lohmus said that he lost the private key of the wallet and may be unable to do anything but watch the value of the position continue to rise.
Additionally, he holds a 21.46% stake in LHV Bank, showing a valuation of $254 million as of August 30. It seems that this investment made many years ago will become the biggest return in life.
Vitalik Buterin: Few operations, advancing and retreating with Ethereum
Source: PANews
Vitalik Buterin’s holdings are mainly in Ethereum. As of September 10, Vitalik Buterin held a total of more than 240,000 Ethereum coins, worth approximately US$560 million. However, because Vitalik Buterin does not often engage in asset operations, his assets have also suffered a sharp decline in the past three months. In early June, Vitalik Buterin's total assets reached a maximum of more than 900 million U.S. dollars. Within three months, his assets shrank from their high point. 355 million US dollars, about 40%. Over the past month, Vitalik’s address has lost approximately 4,000 ether (approximately $9.34 million), with the majority moved to a multisig address. Some netizens speculated that the funds may be used for donations, but Vitalik did not provide an explanation for this.
Stefan Thomas: Another helpless loss of key HODL
Source: PANews
Former Ripple CEO CTO Stefan Thomas has 7,002 Bitcoins in his wallet, but this is another story similar to Rain Lohmus. Stefan Thomas also lost the private key of the wallet and only had 2 opportunities to enter the password on the hard drive. Currently, these Bitcoins are worth about $398 million, and in March this year they were worth more than $500 million. However, this once again proves that HODL may be the best way to accumulate wealth, but remember to keep the private key of each wallet.
James Fickel: Ethereum’s determined bulls have been educated by the market
Source: PANews
James Fickel, founder of the Amaranth Foundation, is a staunch Ethereum bull. Before August this year, he continued to increase his position in Ethereum for several months, and borrowed WBTC many times and converted it into Ethereum to do long the ETH/BTC exchange rate. According to on-chain analyst Ember, James Fickel’s exchange rate cost of ETH/BTC from January to July was around 0.054. Currently, James Fickel still has 2,316 Bitcoins borrowed, worth approximately $131 million. The ETH/BTC exchange rate has fallen to 0.04. Based on this calculation, he has lost about 25.9%, with a loss of about $33.96 million.
James Fickel’s current total assets are approximately US$391 million. In May this year, his assets peaked at US$600 million, a decrease of approximately 35%. Recently, James Fickel has begun to significantly reduce his Ethereum position and return WBTC.
Source: PANews
Patricio Worthalter: $100 million lost in three months
Source: PANews
POAP founder Patricio Worthalter is No. 6 on Arkham’s top ten whales list and currently holds approximately $160 million in assets. Patricio Worthalter has seen a sharp decline in earnings on his assets over the past three months, losing $100 million. His main holdings are Ethereum, $RPL, $ENS, etc. These assets have all fallen by more than 35% in the past three months, with $RPL falling by 46%. This also directly led to the decline of Patricio Worthalter’s assets. However, the main drawdown comes from ether, with the value of ether holdings falling by approximately $90 million since June.
@luggisdoteth: Nearly half of assets were lost as Ethereum fell
The whale @luggisdoteth’s current holdings are worth approximately $39.96 million. His main holdings are also Ethereum, with a holding of approximately 10,070 Ethereum coins worth approximately $23.72 million, accounting for more than half of the total position. His position, which peaked at $69 million over the past three months, is down nearly $30 million due to Ethereum’s decline.
Source: PANews
@smartestmoney: The legendary trader who beat the market
The owner of the smart money address @smartestmoney is a legendary trader. His assets at this address on the Arkham board are approximately US$1 million. However, according to CoinMarketManager data, @smartestmoney has been trading since 2020 until August 2024. Gains of US$48.84 million were realized. Currently, most of his assets are stored in exchanges. Judging from the transaction records, @smartestmoney is good at futures trading, and his yield curve is still upward in the past three months.
Source: PANews
Winslow Strong: Heavy position in Bitcoin, little change
Source: PANews
Cluster Capital partner Winslow Strong's address currently holds approximately $28.17 million, and his main position is $WBTC, which is approximately 440 coins. In the past three months, Winslow Strong’s account has changed little, with only a loss of $2.58 million. The main loss came from the position of $GRT, which fell by about 52% in three months.
@0xVladilena: Heavy holdings of Ethereum staking and lending
Source: PANews
The smart money address @0xVladilena currently has less than 10,000 US dollars left on the chain. Judging from the trajectory, his assets have been transferred to Ether.fi and AAVE not long ago, and his largest asset is also Ethereum, which is currently in AAVE@ The assets held by 0xVladilena are 31,000 Ethereum coins, worth more than $77 million. In addition, he also lent 30,000 ether coins for collateral.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reprinted with permission from: "PANews"
Original author: Frank, PANews
