What are the "coin holding whales" behind these 8 top protocols?
Compilation of the original text: Bai Ze Research Institute
Compilation of the original text: Bai Ze Research Institute
Who secretly holds the majority of the tokens for the protocol you are interested in? At what price are they investing/buying?
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1、$LDO（Lido Finance）
Holder:
• Paradigm Capital: 7% (70 million $LDO)
• Dragonfly Capital: 2.7% (27 million $LDO)
• Certus One (node operator): 10 million $LDO
• Wintermute: 8 million $LDO
• Defiance Capital: 7 million $LDO
• Cobie: 4.8 million $LDO
• Kain Warwick: 4 million $LDO
• Alex Svanevik: 3.5 million $LDO
Other investors include Jump Capital, Arthur Hayes, Alameda Research, 3AC, Delphi digital.
According to Token Terminal data:
• Paradigm's 100 million $LDO tokens will be fully unlocked on May 1, 2023, of which 79 million have already been unlocked.
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2、GMX
Holder:
• Arthur Hayes (BitMEX joint venture): 200,500 $GMX (worth about $15.5 million)
• Unknown Whale 1: 196,000 $GMX
• Unknown Whale 2: 147k $GMX (also $10m $ETH on Aave)
• Unknown Whale 3: 87,000 $GMX
• 'Mewtwooo': 55,500 $GMX (also holds $5,000,000 in $GNS)
• Tano: 10,000 $GMX
The GMX protocol is difficult to track because data provider Nansen does not show who staked GMX. Debank helped a lot here:
• Arthur bought most of his GMX in early 2022 (purchase cost is 20~30 USD/piece).
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3、$RPL（Rocket Pool）
Holder:
• Patricio Worthalter (founder of POAP): 613,000 $RPL (worth ~$32 million)
• 1kx (investment company): 534,000 $RPL (worth about $27.9 million)
• Blockchain Capital: 121,000 $RPL
• LayerX Capital: 38,000 $RPL
• 3 unknown whale wallets hold 6% of total supply in $RPL
Patricio's wallet holds over $100M in $RPL, having acquired most of the $RPL back in 2018 and has been taking profits since then.
1kx purchased their holdings of $RPL in August 2021 at $17 per token.
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5、$FXS（Frax Finance）
Holder:
• fraximaxi.eth: 6.58 million $FXS (worth about $75 million)
• fraxcetacean.eth: 1.9 million $FXS (worth ~$21.6 million)
• frax-ape.eth: 1.48 million $FXS (locked until 2025)
• Tetranode: 1.01 million $FXS (locked until 2027)
• Dragonfly Capital: $648,000 in $FXS
• Arthur Hayes: 105,000 $FXS
• Alameda Research: 26,600 $FXS
Dragonfly Capital and fraximaxi.eth receive $FXS once a month from addresses marked "Private Sale".
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5、$CRV（Curve）
Holder:
• Founders Wallet #2-4: 396 million $CRV (approximately $467 million worth)
• Michael Egorov: 340 million $CRV (worth ~$401 million)
• Genesis Trading: 2.8 million $CRV
• Tetranode: 2 million $CRV
Other smaller investors include Wintermute and Alameda.
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6、$DYDX（dYdX）
Holder:
• Wintermute: 6.5 million $DYDX (worth ~$20 million)
• Amber Group: 2.85 million $DYDX
• Hashkey: 2.2 million $DYDX
• CMS: 1.76 million $DYDX
• DACM: 730,000 $DYDX
• Dragonfly: 514,000 $DYDX
• Delphi Digital: 220,000 $DYDX
CMS received $DYDX from early investment in September 2021 ($15 per $DYDX at this time).
Dragonfly received their $DYDX in October 2021 ($23 per $DYDX at this time) and has not sold since.
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7、SNX（Synthetix）
Holder:
• Kain Warwick (Founder): 12.9 million $SNX (worth ~$33.8 million)
• Jump trading: 2.4 million $SNX
• Genesis Trading: 407,000 $SNX
• a16z: 374,000 $SNX
• Tetranode: 104,000 $SNX
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8、$MATIC（Polygon）
Holder:
• Republic Capital: 24.5 million $MATIC (approximately $37 million worth)
• Blockchain Capital: 17.7 million $MATIC (worth ~$27 million)
• Jump Trading: 17.3 million $MATIC
• Dragonfly: 8.3 million $MATIC
• Wintermute: 3.7 million $MATIC
• Alameda: 2.9 million $MATCI
Dragonfly received their $MATIC from their Binance account in July 2022 (MATIC price is $0.7 at this time).
risk warning:
risk warning:
According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Participate in any illegal financial practice
