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Revealed: DeFi Trading Secrets From Crypto Billionaires

3 mins
Updated by Ali Martinez
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In Brief

  • Analyzing on-chain activities of top crypto investors, from investment strategies to risk management.
  • Observing successful players in DeFi protocols, including leveraged trading, liquidity providing, and lending.
  • Gleaning valuable insights from the wealthiest individuals in the crypto market.
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Ever wondered how prominent crypto billionaires and trading moguls are navigating the market? The altcoins they are trading, their activity in DeFi protocols, and the strategies they implement to grow their wealth?

On-chain data sheds light on how the wealthiest individuals in the crypto market behave. Hence, it provides valuable insights into their investment strategies, risk management, and lucrative opportunities.

Andrew Kang: Crypto Billionaire Instincts

Andrew Kang makes it to the crypto billionaires list. He is one of the founders of Mechanism Capital and boasts a net worth of more than $200 million. As a result, insights into his on-chain strategies can be gleaned by tracking his public wallet address.

Kang made a significant initial purchase of 795,120 ARB tokens worth nearly $1 million on April 4. Subsequently, he bought 816,010 and 693,120 ARB worth around $1.84 million on April 5.

Crypto Billionaires: Andrew Kang's On-Chain Activity
Andrew Kang’s On-Chain Activity. Source: Arkham Intelligence

Before Arbitrum Foundation unveiled two new governance proposals on April 6, Kang had acquired 2.31 million ARB tokens. Then, he sold all his ARB holdings on April 19, generating an impressive 40% return on investment.

Lafa: Investing in Solidly and Ve(3,3) Tokens

Lafa, the founder of DeFi protocol DEUS, has a net worth surpassing $5 million. The public wallet address of this crypto billionaire reveals investments in various DeFi altcoins, specifically Solidly and Ve(3,3).

  • $2 million in SOLID
  • $560,000 in THE
  • $185,000 in SNEK
  • $372,000 in RAM
  • $35,000 in EQUAL
Crypto Billionaires: Lafa's On-Chain Activity
Lafa’s On-Chain Activity. Source: Arkham Intelligence

These altcoins have not performed well recently. Still, Lafa seems to have placed his bets on Solidly and Ve(3,3) tokens.

Justin Sun: DeFi Activities in the TRON Ecosystem

Justin Sun is one of the youngest crypto billionaires. He is the founder of TRON and has a net worth of more than $400 million.

Tracking his public wallet address reveals his investments in various altcoins:

  • $850,000 in AAVE
  • $286,000 in CRV
  • $173,000 in COMP
  • $165,000 in MULTI
  • $156,000 in CVX
  • $146,000 in MATIC
  • $105,000 in KCS
  • $103,000 in SUSHI
Justin Sun's Crypto Holdings
Justin Sun’s Crypto Holdings. Source: Arkham Intelligence

Sun actively participates in DeFi activities to grow his crypto wealth. By providing liquidity in DeFi, he contributes his assets to liquidity pools that facilitate transactions and trading on decentralized crypto exchanges. Consequently, he earns fees or rewards in return for liquidity, contributing to his investment returns.

Arthur Hayes: All in GMX

Arthur Hayes is another successful analyst who made the list of top crypto billionaires. He co-founded BitMEX and has a net worth exceeding $500 million.

Tracking his public wallet address shows his investments in various altcoins:

  • $44,000 in BOND
  • $31,000 in ETH
  • $19,000 in PENDLE
  • $14,000 in ARB
Arthur Hayes' cryptocurrencies and altcoins Holdings
Arthur Hayes’ Altcoins Holdings. Source: Arkham Intelligence

A closer look at his DeFi activities reveals that he relies heavily on the decentralized crypto exchange GMX. Indeed, Hayes has staked a significant amount of funds in GMX and earns returns from it:

  • Staking $15.70 million in GMX
  • Staking $1 million in Escrowed GMX (esGMX)

At a minimum, GMX provides Hayes with a 4.32% APR, paid entirely in Ethereum (ETH), worth between $3,000 and $5,000 daily.

Arthur Hayes' Staking Rewards altcoins
Arthur Hayes’ Staking Rewards. Source: Arkham Intelligence

Hayes has had a profitable performance by staking most of his holdings in GMX. Therefore, keeping an eye on this crypto billionaire’s on-chain activity and buying behavior could provide significant opportunities.

Crypto Billionaires 2023: Buying and Staking Might Be the Answer

Tracking the on-chain activities of crypto billionaires unveils invaluable insights into their investment strategies, risk management, and the opportunities they seize to grow their wealth. Indeed, these influential figures remain at the forefront, actively participating in various protocols and experimenting with new strategies.

Understanding how these individuals trade the market can offer a wealth of knowledge for investors and crypto enthusiasts. Therefore, one must learn from their accomplishments and failures to develop a more informed and robust approach to investing in cryptocurrencies.

While it’s crucial to remember that every investor’s risk tolerance and goals differ, understanding the actions of the most successful players can be a guiding light in the complex and often volatile crypto industry.

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Bary Rahma
Bary Rahma is a senior journalist at BeInCrypto, where she covers a broad spectrum of topics including crypto exchange-traded funds (ETFs), artificial intelligence (AI), tokenization of real-world assets (RWA), and the altcoin market. Prior to this, she was a content writer for Binance, producing in-depth research reports on cryptocurrency trends, market analysis, decentralized finance (DeFi), digital asset regulations, blockchain, initial coin offerings (ICOs), and tokenomics. Bary also...