Cryptocurrency In his latest analysis, analyst Thor Hartvigsen listed altcoins held by crypto investors with a large amount of whale activity.
Here are the coins that whale wallets largely control, according to Hartvigsen’s analysis, and their dominance relative to the total supply of coins.
1.Lido Finance (LDO)
Investors
– Paradigm Capital: 7% (70m LDO)
– Dragonfly Capital: 2.7% (27 million LDO)
– Certus One (node operator): 10m LDO
– Wintermute: 8m LDO
– Defiance Capital: 7m LDO
– Cobie: 4.8m LDO
– Kain Warwick: 4m LDO
– Alex Svanevik: 3.5m LDO
Other investors include Jump Capital, Arthur Hayes, Alameda, 3AC, Delphi Digital.
– Paradigm’s 100 million LDO rights start in May 2023.
– Dragonfly will unlock 10 million additional LDO tokens on August 25, 2023.
2.GMX
Investors
– Arthur Hayes: 200.5k GMX ($15.5 million)
– Whale 1: 196k GMX
– Whale 2: 147k GMX (also has $10M in ETH on Aave)
– Whale 3: 87k GMX
– ‘Mewtwooo’: 55.5K GMX (plus 5M GNS owner)
– Tano: 10k GMX
3.Rocket Pool (RPL)
Investors
– Patricio Worthalter: RPL 613 thousand ($32 million)
– 1kx (investment company): RPL 534k ($27.9 million)
– Blockchain Capital: 121k RPL
– LayerX Capital: 38k RPL
3 anonymous whales hold ~6% of the total supply.
4.Frax Share (FXS)
Investors
– fraximaxi.eth: 6.58 million FXS ($75 million)
– fraxcetacean.eth: 1.9 million FXS ($21.6 million)
– frax-ape.eth: 1.48 million FXS (locked until 2025)
– Tetranode: 1.01 million FXS (locked until 2027)
– Dragonfly Capital: 648k FXS
– Arthur Hayes: 105K FXS
– Alameda Research: 26.6 thousand FXS
Dragonfly Capital and fraximaxi.eth continue to receive FXS monthly from an address labeled ‘Private Sale Distribution’
5.Curve DAO Token (CRV)
Investors
– ‘Founder wallets #2-4’: 396 million CRV ($467 million)
– Michael Egorov (michwill): 340 million CRV ($401 million)
– Genesis Trading: 2.8 million CRV
– Tetranode: 2m CRV
Other small investors include Wintermute and Alameda.
Most of the CRV held by the founders is either in the vesting process for the next few years or is locked as veCRV.
6.dYdX
Investors
– Wintermute: 6.5 million DYDX ($20 million)
– Amber Group: 2.85 million DYDX
– Hashkey: 2.2 million DYDX
– CMS: 1.76 million DYDX
– DACM: 730 thousand DYDX
– Dragonfly: 514 thousand DYDX
– Delphi Digital 220k DYDX
7.Synthetix (SNX)
Investors
– Kain Warwick (founder): 12.9 million SNX ($33.8 million)
– Jump Trading: 2.4 million SNX
– Genesis Trading: 407k SNX
– a16z: 374k SNX
– Tetranode: 104k SNX
Other investors include Coinbase Ventures and Paradigm.
8.MATIC
Investors
– Republic Capital: 24.5 million MATIC ($37 million)
– Blockchain Capital: 17.7 million MATIC ($27 million)
– Jump Trading: 17.3 million MATIC
– Dragonfly: 8.3 million MATIC
– Wintermute: 3.7 million MATIC
– Alameda: 2.9 million MATIC
*Not investment advice.
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