Have you ever wondered about the investment strategies of cryptocurrency billionaires? In this article, we analyze the on-chain activities of successful players in DeFi protocols such as Justin Sun, Andrew Kang, and Arthur Hayes.
Andrew Kang’s cryptocurrency investment strategy
Andrew Kang is at the top of the list of crypto billionaires. He is a co-founder of Mechanism Capital and has a net worth of more than $200 million. On-chain analyzes of public wallet addresses provide tips on investment strategy.
Kang made a significant initial purchase of 795,120 ARBs, valued at approximately $1 million, on April 4. Then on April 5, it bought 816,010 and 693,120 ARBs worth approximately $1.84 million.
Kang had purchased 2.31 million ARBs before the Arbitrum Foundation announced two new management proposals on April 6. Then, on April 19, he sold all of his ARBs, generating an impressive 40% return on investment.
Lafa invests in Solidly and Ve (3.3)
Lafa, the founder of DeFi protocol DEUS, has a net worth of more than $5 million. The public wallet address of this cryptocurrency billionaire reveals investments in various DeFi altcoins, notably Solidly and Ve (3.3):
- SOLID: $2 million
- THE: $560,000
- SNEAK: $185,000
- RAM: $372,000
- EQUAL $35,000
However, these altcoins have not performed well lately. Still, Lafa is focusing its bets on Solidly and Ve (3,3).
Justin Sun is an active player in DeFi prices in the TRON ecosystem
The Tron founder is one of the youngest cryptocurrency billionaires. According to reports, his fortune is more than $400 million. Tracking his public wallet address reveals his investments in various altcoins:
- AAVE: $850,000
- CRV: $286,000
- COMP: $173,000
- MULTI: $165,000
- CVX: $156,000
- MATIC: $146,000
- KCS: $105,000
- SUSHI: $103,000
Sun is actively involved in DeFi activities specifically to grow his crypto wealth. As Kriptokoin.com, we have stated that it has been on the agenda with the loaded TUSD it has sent to Binance in the last days.
Arthur Hayes makes his only choice in favor of this crypto money project
Arthur Hayes is another successful analyst who made it to the top crypto billionaires list. He is one of the co-founders of BitMEX and has a net worth of over $500 million. Tracking the public wallet address shows his investments in various altcoins:
- BOND: $44,000
- ETH: $31,000
- PENDLE: $19,000
- ARB: $14,000
A closer look at DeFi activities reveals that it relies heavily on decentralized crypto exchange GMX. Indeed, Hayes has invested substantial funds in GMX and is earning a return on it:
- Staked $15.70M on GMX
- Staking $1M on Escrowed GMX (esGMX)
Additionally, GMX provides Hayes with at least an APR of 4.32%, paid entirely in Ethereum (ETH), worth $3,000 to $5,000 daily.
Hayes invested most of his fortune in GMX, recording a profitable performance. A lesson to be learned here is that the cryptocurrency billionaire particularly prefers staking returns.
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