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Today, let’s take a look at the holdings of Crypto billionaires
Katie 辜
Odaily资深作者
2023-04-24 02:43
This article is about 2224 words, reading the full article takes about 4 minutes
Contains the wallet analysis of V God, Justin Sun, Satoshi Nakamoto, Coinbase CEO and other big names.

This article comes from BlockworksThis article comes from

, the original author: DAVID CANELLIS, compiled by Odaily translator Katie Koo.

In fact, there has never been a shortage of billionaires on the chain, but most of them are anonymous, and people only know their addresses. However, there are also a few bigwigs who have disclosed their wallet addresses (that is, disclosed part of their investment portfolio).

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Ethereum Co-Founder Vitalik Buterin: Accidentally "Keeping a Dog"

In 2021, Vitalik was named the world's youngest crypto billionaire by Forbes when the price of ETH reached $3,000 for the first time. On-chain data cannot confirm his nickname of "the youngest crypto billionaire", but it can still confirm the authenticity of these asset data.

Dogecoin fanatics and issuers have transferred a large amount of Dogecoin to V God’s Ethereum address. This is a form of "guerrilla" marketing, by pretending to be V God himself "sweeping" Dogecoin, thereby deceiving on-chain observers into believing V God is "optimistic" about their meme coin.

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Source: Arkham Intelligence

In the last round of bull market, Vitalik was the main marketing target of meme coins. As a result, on May 12, 2021, Vitalik's crypto portfolio was worth more than $20.5 billion, putting him on par with the likes of Bridgewater's Ray Dalio and Google's Eric Schmidt.

Vitalik now holds around $484 million in cryptocurrencies at his known addresses, almost all in ETH. Over the years, Vitalik has sent $74 million in on-chain assets to crypto exchanges, including Coinbase and Kraken, according to Arkham Intelligence.

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Ripple co-founder Jed McCaleb: 8-year "sell-athon"

Jed McCaleb dumped billions of XRP for almost a full decade. Until last year, Ripple Labs was sending a steady stream of XRP to Jed McCaleb's infamous "tacostand" address, which he subsequently sold on the open market.

The settlement agreement has strict rules on how much XRP Jed McCaleb can receive each year, starting with $10,000 per week in 2015, and going to 2 billion XRP (worth $844 million) per year after 2020.

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Jed McCaleb's XRP sell-off peaked in 2021. (Source: Whale Alert)

On-chain watcher Whale Alert estimates that Jed McCaleb has sold 5.7 billion XRP over the past eight years for a profit of $3.1 billion. The firm found that Jed McCaleb was selling XRP for an average price of $0.55, about 19% above the current price. Forbes estimates Jed McCaleb's net worth at $2.4 billion after he founded the blockchain network Stellar.

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Justin Sun, Founder of TRON

Justin Sun held $6.3 billion in cryptocurrencies at the peak of his portfolio in September 2021. The figure would place Justin Sun among the world's 500 richest billionaires, along with Chip Wilson, founder of sportswear brand Lululemon, and Andreas Halvorsen of U.S. hedge fund Viking Global. Justin Sun's asset portfolio hitting record highs is strong evidence.

About 95% of his portfolio is locked in the Aave and Curve lending protocols with high yields and market closes at record highs, including 2.63 billion USDC, 478,250 WETH (worth $1.86 billion) and 11,000 BTC ($545 million worth).

  • Justin Sun staked his ETH on the Lido platform.

  • Today, Justin Sun’s known cryptocurrency portfolio is worth $858 million;

  • The 303,660 ETH (STETH) staked on Lido accounted for $580 million, followed by the stablecoin USDD at $160 million;

Justin Sun is indeed a “deep-pocketed” trader. Over the years, he has sent $22.6 billion in cryptocurrencies to exchanges, more than half of which went to Binance, the data shows.

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Satoshi Nakamoto and Other Anonymous Bitcoin Billionaires

Bitcoin’s mysterious creator, Satoshi Nakamoto, is said to have mined between 600,000 BTC ($16.75 billion) and 1.1 million BTC ($30.7 billion) in the early days. And those bitcoins are scattered across hundreds of addresses, making it somewhat difficult to trace the funds directly. If our estimates are correct, Nakamoto will be among the top 50 billionaires in the world, second only to Chanel chairman Alain Wertheimer.

The address named “1 Feex” is another notable on-chain billionaire. Since March 2011, the address held nearly 80,000 bitcoins (worth about $2.25 billion), which were once controlled by Ross Ulbricht's "Silk Road" darknet market.

Craig Wright, who claims to be Satoshi Nakamoto, also claims to have on-chain addresses related to the Silk Road hacking case.

Excluding cryptocurrency exchanges or other physical addresses, fewer than a dozen addresses contained $1 billion or more worth of bitcoin. Curiously, according to Etherscan, there are currently no “anonymous” Ethereum addresses holding $1 billion or more worth of ETH.

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Coinbase CEO and other off-chain crypto billionaires

It’s worth mentioning that most of the wealth of crypto billionaires is off-chain.

Coinbase co-founder and CEO Brian Armstrong currently holds about $590,000 in assets at his known addresses, almost all in ETH, according to Arkham Intelligence.

Brian Armstrong's portfolio, worth $1.23 million at its peak in early February, was composed almost entirely of DYDX (the native token of decentralized exchange dYdX). Forbes estimates Brian Armstrong's current net worth at $2.5 billion.

Mark Cuban, the owner of the Dallas Mavericks and a staunch cryptocurrency supporter, owns $4 million in crypto assets. USDC accounts for more than half, followed by STETH and wrapped ETH.

Mark Cuban has been speaking out for cryptocurrencies for years.

Last August, Mark Cuban held $7.16 million, an all-time high. But 86% of that is USDC locked within Aave. Other assets include ETH, ApeCoin (APE), ENS, and Rarible (RARI). Forbes estimates Mark Cuban's entire net worth at $5.1 billion.

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