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Andrew Kang: A keen sense of smell

Mechanism Capital co-founder Andrew Kang has a net worth of more than $200 million, so let's track his investment portfolio and understand his on-chain strategy.

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1. Buy $ARB and continue to make profits

He made his first major purchase of $ARB for $1 million on April 4, 2023.

He made two more large purchases on April 5, 2023, totaling $1.852 million worth of $ARB.

Before the new proposal of the Arbitrum Foundation, he bought a certain amount of $ARB, which outperformed most market participants with a return rate of about 40%.

He hasn't sold it yet.

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2. Trading on GMX

- $563,000 long position with 50x leverage

- $198,000 short position with 25x leverage

Leverage trading is a "dangerous game" where there are usually gains and losses. It is not recommended to try it, but you can gain some insights from it.

By observation, Andrew's short position is small and relatively recent.

- Is he hedging his long position?

- He hasn't closed long positions yet, perhaps anticipating a brief market pullback ahead of time.

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Lafa: Put your eggs in the basket of Solidly ve( 3, 3)

Lafa has a net worth of more than $5 million, so let's track his investment portfolio and understand his on-chain strategy.

Lafa is the founder of the DeFi protocol DEUS, so he knows DeFi well. The wallet address we are tracking is: 0x83b285e802d76055169b1c5e3bf21702b85b89cb

By tracking the address, we found that Lafa invested in a lot of DeFi tokens, more precisely, Solidly ve( 3, 3) tokens.

- $2 million in $SOLID

- $THE of $560,000

- $185,000 in $SNEK

- $372,000 in $RAM

- $EQUAL of $35,000

Solidly ve( 3,3) Would be a nice narrative, although the protocols have launched well, their tokens have yet to hit new all-time highs.

Solidly is known to have a high APR. These tokens he holds are all pledged, and he earns a lot of income through bribes, and the amount he earns fluctuates slightly according to the amount of bribes every week.

In short, Lafa is putting his eggs in the Solidly ve( 3, 3) basket, and so far has been successful.

It should be noted that many of the protocol tokens he invests in are his DEUS partners.

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Justin Sun: DeFi activities around Tron

Justin Sun has a net worth of more than $400 million. Next, let’s track his investment portfolio and understand his on-chain strategy.

The wallet address we track is: 0x3ddfa8ec3052539b6c9549f12cea2c295cff5296

Most of his holdings are in stablecoins, which haven't changed much in recent times.

And look at his other token holdings (worth over $100,000):

- $5 million in $TRX

- $AAVE of $880,000

- $330,000 in $BTC

- $200,000 in $MULTI

- $COMP of $170,000

- $MATIC of $170,000

- $170,000 in $CVX

- $120,000 in $DFA

- $110,000 in $KCS

- $110,000 in $SUSHI

In-depth investigation of his DeFi transactions, we can find that he is providing liquidity in DeFi to earn income:

- TRX/BUSD: $5.4 million

- BTT/BUSD: 5 million USD

- WIN/BUSD: USD 1 million

He also earns income by lending assets through Aava:

- USDT: 24 million USD

- TUSD: USD 4.2 million

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Arthur Haye: Love $GMX

BitMEX co-founder Arthur Haye, whose net worth exceeds $500 million, bought $GMX for $17 (now $78). Next, let's track his investment portfolio and understand his on-chain strategy.

The wallet address we track is: 0x 534 a 0076 fb 7 c 2b 1 f 83 fa 21497429 ad 7 ad 3 bd 7587

Most of Arthur's on-chain funds are in DeFi, and his token holdings are only a small portion of his portfolio, but let's take a look (dumping $LDO for half a year earlier):

- $80,000 in $ETH

- $BOND of $48,000

- $PENDLE of $17,000

- $ARB of $14,000

Investigating his DeFi transactions in depth, we can find that he seems to love the GMX protocol, pledge most of his funds in GMX, and earn income:

- $15.7 million in $GMX staked

- Staking $esGMX of $1 million

$GMX offers Arthur at least 4.32% APR, all paid in $ETH:

- $700,000 per year

- $59,000 per month

- USD 1900 per day

In short, Arthur Hayes has outperformed most market participants simply by buying and holding the majority of $GMX in his portfolio.

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.

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.