See where six crypto whales’ wallets are putting their assets

The crypto market continues to waver as we transition toward the second half of the year amid a regulatory crackdown in the U.S. But as trading volume continues to dwindle across centralized exchanges, some big crypto whales are still trading.

We decided to take a look at what six major crypto whales’ wallets — a “whale” in investing or gambling denotes a player with a lot of capital in play — are doing: where they park funds and how their activity signals movement in the market, according to on-chain portfolio data from Nansen.

The wallets are worth a total of $493.6 million, with almost 98% of their wallets’ allocated on the Ethereum blockchain, the data showed. The wallets and their data were selected by Nansen to detail a series of active wallets; we will continue to explore other whale wallets over time to expand our sample set. 

A majority of the wallets include “wrapped” crypto assets, which is a tokenized version of the original coin that holds the same value. For example, there’s bitcoin (BTC) and wrapped bitcoin (wBTC) and an investor would own the latter if they wanted to use bitcoin on the Ethereum network, which it doesn’t operate on. It can, though, through the wrapped version.

Here’s a look at six crypto whale’s wallets ranging from “smallest” to largest:

Crypto wallet 1 with $18.25 million net worth:

Chain allocation:

98.31% on the Ethereum chain

Biggest token allocations:

85.55% is staked Ethereum (stETH) at $25.8 million
6.44% is wrapped Bitcoin (wBTC) at $1.94 million
About 5%, or $1.6 million, across ENS, UNI and MATIC
Roughly $27,000 in stablecoin USDT

Protocol allocation

94% held on Aave (lending protocol)
About 6% held in wallet

Portfolio performance down 6.75% on the week

Crypto wallet 2 with $21.88 million net worth:

Chain allocation:

99.44% on the Ethereum chain

Biggest token allocations:

71.39% is staked Ethereum (stETH) at $40.6 million
22% is in stablecoin DAI at $12.5 million
About 5%, or $2.9 million, across CUNI, UNI, CRV, wETH, CVX, MKR

Protocol allocation

64% held on Aave
25% on Compound
5.59% held in crypto wallet

Portfolio performance down 5.5% on the week

Crypto wallet 3 with $27.83 million net worth:

Chain allocation:

100% on the Ethereum chain

Biggest token allocations:

99.99% is staked Ethereum (stETH) at $55.72 million
Less than $4,000 is ether (ETH)
Less than $100 in stablecoins DAI and USDT

Protocol allocation

99.99% held on Aave
Less than 0.01% in crypto wallet

Portfolio performance down 6% on the week

See where six crypto whales’ wallets are putting their assets by Jacquelyn Melinek originally published on TechCrunch