Being Informed in the Crypto Space: Analyzing Leading Crypto Investors’ Wallets
Being informed in the crypto space can give you an edge. It may allow you to find gems or other good deals. There are many ways how you can become or stay informed. In this article, we discuss one such way.
1) Galaxy Digital
The first crypto investor we’re going to look at is Galaxy Digital. They are a broker and dealer. In the US, they have a registration under the Securities Exchange Act of 1934. To check on all today’s crypto investors’ wallets, we use Arkham Intelligence. This is an on-chain analysis platform.
Now, we found 3 wallets that belong to Galaxy Digital. So, we’re going to take a look at them with Arkham.
Wallet 1 = 0x15abb66bA754F05cBC0165A64A11cDed1543dE48
The first thing that I noticed is that changes in this portfolio are immediately around $100k. This is in stark contrast to my wallets. Up or down movements are around $100 or $200. The next thing we can see is that the size of this wallet is $89 million.
The Arkham UI provides good information on this wallet’s portfolio. It shows the current price of an asset. Furthermore, we can see the holdings and the current value. ETH dominates this wallet with a balance of $57.84 million. wBTC and USDC follow with $15.82 and $10.82 respectively. Combined, that’s almost 92% of the wallet’s value.
Another thing I noticed is that they deposited $329 million on FTX. That’s 30% of the wallets’ value over time. However, they only withdrew $569k. So, this might indicate that Galaxy lost assets when FTX went under.
It’s also an active wallet, the last transactions dates back only 12 hours ago. That includes the 378 wBTC. The two other Galaxy wallets are;
1) 0x4ADF44961a7CBe8EE46B2bf04E7198e879677825
2) 0x46f34C24A7bA7a2Ac6DD76c3F09B32D41C144d08
You can use Arkham to look at them.
2) Maven 11 Capital
Maven 11 Capital is an investment fund. Their focus is on DLT or distributed ledger technology and blockchains.
Wallet 1 = 0x1D812A7E929D4dBe237926ED8e7c31434b9Ab469
Their first wallet is also active. The last transaction was a week ago. This wallet’s current total value is $22 million. DAI, a stablecoin, takes up almost half of that figure with $10 million.
For the following nine assets, we see values ranging from $3.2 million (rETH) to $530k (FXS). The rest is either dust or shows an empty balance. On the other hand, this wallet doesn’t show any interaction with FTX. Although, last week, the wallet withdrew $8.5 million worth of USDC.
Wallet 2 = 0xa1D57592fb5dbb9035a730a09Ba883cf13B1a7aa
Their second wallet has a value of $4.8 million. $4.44 million is the $BEAM token. The balance is 182 ETH. Maven 11 purchased BEAM within the last 24 hours.
3) Nascent
Nascent is a VC or venture capitalist. They see themselves as builders who help early-stage founders. Some of the projects they work with are Optimism, Etherscan, and Osmosis.
Wallet 1 = 0xbb8971e2f6D29ef9E56768caf23D0e11e9385d62
This wallet has a current value of $11.4 million. The majority is with wBTC with a value of $8.89 million. MKR takes second spot with $2 million, and ARB is in third spot with $457k. We also see ETH and stETH, with serious enough value.
Nascent deposited $60.86 million into FTX. However, they only withdrew $352k. That looks like a serious loss for them. However, there’s a second wallet, 0xCB33844b365c53D3462271cEe9B719B6Fc8bA06A. In this wallet, they deposited $76 million to FTX. However, here they withdrew $160 million from FTX.
Conclusion
We looked into some bigger crypto investors’ wallets. This can give you an edge or inside information. Having this edge in crypto can help you build your portfolio. We used the wallet analytical tool of Arkham to dissect the available VC wallets. The inspiration for this article came from this X thread.
Disclaimer: The information discussed is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Pte Ltd.
Hot Take: Analyzing Leading Crypto Investors’ Wallets Can Give You an Edge in the Crypto Space
Being informed in the crypto space can give you an edge. By analyzing the wallets of leading crypto investors, you may gain insider information that can help you find gems or good deals. In this article, we discussed how you can use tools like Arkham Intelligence to analyze the portfolios of investors such as Galaxy Digital, Maven 11 Capital, and Nascent. By examining their holdings and transactions, you can get insights into their strategies and asset allocations. This knowledge can inform your own investment decisions and potentially enhance your portfolio performance.
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