Blockchain technology is based on an open, distributed ledger that provides transparency and immutability. This means that every transaction on a Blockchain is recorded in a public ledger that is visible to everyone. As a result, it is possible to see the amount of cryptocurrencies held in a particular wallet address. For this reason, coins held by people who are famous in the field of crypto money are watched with interest. In this article, we will look at some wallets known to be owned by Ethereum founder Vitalik Buterin and TRON founder Justin Sun. In addition, we will convey the statements of the CEO of Binance exchange, the largest cryptocurrency exchange by daily trading volume, regarding his portfolio. Here are the details…
What coins does the CEO of Binance hold?
In the cryptocurrency world, transparency brings a level of trust and accountability to the market. However, since it is possible to see how much cryptocurrency a particular person or organization owns, it also raises concerns about privacy and security. In this article, we examine the crypto assets of three of the industry’s leading names: Changpeng Zhao, Vitalik Buterin, and Justin Sun.
As we reported on Kriptokoin.com, Changpeng Zhao, the CEO of Binance, owns Bitcoin (BTC), which his company bought in 2014 and still holds a large part of, as well as the local cryptocurrency Binance Coin (BNB). confirmed that. Although he does not personally own any other cryptocurrency, he is a key shareholder of Binance. As a result, Zhao’s personal wealth is also uncertain. In September of 2020, CZ tweeted a “subjective opinion” about Forbes’ estimated fortune at $17.4 billion.
Buterin and Sun’s wallets are full
Although Ethereum founder Vitalik Buterin is the creator of the world’s second largest cryptocurrency by market capitalization, he holds a relatively small portion of his portfolio in Ethereum (ETH). Instead, he has a series of meme coins in his wallet sent to him for prank or advertising purposes. Among these meme coins are the likes of SHIB, AKITA. However, in the past years this meme has donated most of the coins and its known wallet currently holds around $500 million worth of ETH.
On the other hand, Tron founder Justin Sun holds dozens of different cryptocurrencies and currently locks 95 percent of his portfolio for lending. The value of his wallet is currently around $850 million and he earns passive income by locking his Ethereum holdings through Lido. Maker, ETH, AUSDT, USDD and stETH have been prominent coins in Sun’s portfolio.
As a result, the transparency of blockchain technology brings accountability to the cryptocurrency market, while also highlighting individuals’ crypto holdings and raising questions about privacy and security. That said, Changpeng Zhao provides insights into the cryptocurrencies market and the strategies leading players are using by prominent names like Vitalik Buterin and Justin Sun.
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