Inventory of whales' recent positions: Vitalik's wealth has shrunk by $340 million from its peak

Author: Frank, PANews

Recently, the market has fluctuated downward, and Bitcoin and most altcoins have experienced a sharp decline. In this context, how the whales perform and whether smart money can resist the downward pressure have also become a hot topic of market attention. In this regard, PANews has reviewed the asset performance of the top ten whales listed by Arkham in the past three months.

Most of the whales seem to have not been able to escape the downward pressure, and their asset levels have shrunk to varying degrees, while Justin Sun and the smart money address @smartestmoney have performed the best.

Justin Sun: Thanks to the increase in TRX, it outperformed BTC

Justin Sun's main holdings are TRX (1.9 billion, worth about $291 million), stablecoins (USDD 276 million, USDJ 95.39 million, USDT 58 million, USDC 12.17 million, worth about $446 million), ETH (13,000, worth about $30.77 million), BTC (1,450, worth about $82.99 million), BTT (101.6 billion, worth about $91.45 million). The total amount of assets is about $1.03 billion. In the past 40 days, the asset changes decreased by $17 million, and the loss rate was about 1.6%. During this period, BTC fell by about 18% overall.

Justin Sun's largest single currency holding is TRX, and he still holds 1.9 billion. Since the end of June, his TRX holdings have decreased by about 200 million. However, due to the recent good trend of TRX, it has risen by 45% from August 5 to August 25, reaching a maximum of $0.17. Thanks to the rise of TRX, Justin Sun also realized a floating profit of about $62.7 million in this part of his holdings.

In addition, in the past two months, Sun Yuchen's stablecoin holdings have also increased significantly. The current stablecoin holdings have reached 446 million US dollars, accounting for 42.6% of the total positions. Therefore, during the overall market volatility and downward trend, Sun Yuchen's position value has not changed much and basically remained at around 1 billion US dollars. But it is worth noting that this may not be Sun Yuchen's entire position, and only the data displayed on Arkham is counted.

Rain Lohmus: Lost the secret key and missed the biggest reward in life

Rain Lohmus, founder of Estonian LHV Bank Lohmus invested $75,000 to buy 250,000 Ethereum during the initial token offering of Ethereum in 2014. Currently, these Ethereums are worth $580 million. In March this year, these assets once reached $1 billion. Unfortunately, Rain Lohmus said that he lost the private key of the wallet and may only be able to watch the value of his holdings continue to rise.

In addition, he holds 21.46% of LHV Bank's shares, which are valued at $254 million as of August 30. It seems that this investment many years ago will become the biggest return in life.

Vitalik Buterin: Rarely operates, advances and retreats with ETH

Vitalik Buterin's holdings are mainly Ethereum. As of September 10, Vitalik Buterin held more than 240,000 Ethereum, worth about $560 million. However, since Vitalik Buterin does not often operate assets, his assets have also suffered a sharp decline in the past three months. At the beginning of June, Vitalik Buterin's total assets peaked at more than $900 million. In three months, his assets have shrunk by $355 million, or about 40%, from the high point. In the past month, Vitalik's address has reduced by about 4,000 ETH (about 9.34 million US dollars), most of which have been transferred to a multi-signature address. Some netizens speculated that the funds may be used for donations, but Vitalik did not explain this.

Stefan Thomas: Another helpless HODL with lost secret keys

Ripple's former CEO CTO Stefan Thomas has 7,002 bitcoins in his wallet, but this is a similar story to Rain Lohmus. Stefan Thomas also lost the private key of his wallet, and there are only two opportunities to enter the password on the hard drive. Currently, these bitcoins are worth about $398 million, and in March this year, the value of these bitcoins peaked at 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 keys of each wallet.

James Fickel: ETH's firm bulls are educated by the market

James Fickel, founder of the Amaranth Foundation, is a firm Ethereum bull. Before August this year, he continued to increase his ETH positions for several months, and borrowed WBTC many times and exchanged it for ETH to go long on the ETH/BTC exchange rate. According to the on-chain analyst Yu Jin, James Fickel's ETH/BTC exchange rate cost was about 0.054 from January to July. Currently, James Fickel still has 2,316 bitcoins on loan, worth about $131 million. The ETH/BTC exchange rate has fallen to 0.04. Based on this calculation, he has lost about 25.9%, or about $33.96 million.

James Fickel's total assets are currently about $391 million. In May this year, his assets peaked at over $600 million, a decrease of about 35%. Recently, James Fickel has begun to significantly reduce his ETH holdings and return WBTC.

Patricio Worthalter: Shrinking by 100 million US dollars in three months

POAP founder Patricio Worthalter is the sixth on the Arkham Top Ten Whales list, currently holding about $160 million in assets. In the past three months, Patricio Worthalter's asset returns have fallen sharply, down $100 million. His main holdings are ETH, RPL, ENS, etc. These assets have fallen by more than 35% in the past three months, with RPL falling by 46%. This has also directly led to the shrinkage of Patricio Worthalter's assets. However, the main shrinkage is still due to ETH, and the shrinkage of ETH holdings since June is about $90 million.

@luggisdoteth: Nearly half of the assets have shrunk as ETH has fallen

The current holdings of the whale @luggisdoteth are worth about $39.96 million. His main holding is also ETH, with a holding of about 10,070 ETH, worth about $23.72 million, accounting for more than half of the total position. In the past three months, the highest value of his position has reached 69 million US dollars. Due to the decline of ETH, it has shrunk by nearly 30 million US dollars.

@smartestmoney: The legendary trader who beat the market

The owner of the smart money address @smartestmoney is a legendary trader. On the Arkham board, his assets at this address are about 1 million US dollars. However, according to CoinMarketManager data, @smartestmoney has realized a total profit of 48.84 million US dollars since the start of trading in 2020 until August 2024. Currently, most of his assets are in exchanges. Judging from the trading records, @smartestmoney is good at futures trading, and his profit curve has remained upward in the past three months.

Winslow Strong: Heavy position in BTC, little change

Cluster Capital partner Winslow Strong's address currently holds about $28.17 million, and his main position is WBTC, which is about 440. In the past three months, Winslow Strong's account has not changed much, shrinking by only $2.58 million. The main loss comes from GRT holdings, which fell by about 52% in three months.

@0xVladilena: Heavy ETH pledge and lending

Smart money address @0xVladilena currently has less than $10,000 on the chain. From the trajectory, his assets were transferred to Ether.fi and AAVE not long ago, and his heavy assets are also ETH. Currently, @0xVladilena holds 31,000 ETH in AAVE, worth more than $77 million. In addition, he has also lent 30,000 ETH for pledge.