• Hartvigsen has used the on-chain analysis tools to examine the altcoin holdings of the 20 largest crypto funds.
• Jump Trading is identified as the largest crypto VC with a total balance of $3.8 billion, mainly in Ethereum ($3.25 billion).
• Wintermute and Paradigma follow in second and third place respectively, with their largest holdings being Lido Finance (LDO) and ETH.
DeFi Researcher Examines Altcoin Holdings Of Crypto Funds
Hartvigsen, a data-driven DeFi researcher based in Copenhagen, has used the on-chain analysis tools of Watchers, Nansen, DeBank and Arkham to examine the altcoin holdings of the 20 largest crypto funds. Together, these have a total of over 1,200 wallets. In a thread on Twitter, Hartvigsen presents the eight largest VCs and their investments.
Jump Trading: The Largest Crypto VC
Jump Trading is identified as the largest crypto VC with a total balance of $3.8 billion, mainly in Ethereum ($3.25 billion). Other positions include Shiba Inu ($328 million), MATIC ($81 million), USDC ($50 million), wBTC ($50 million), LINK ($20 million) and COMP ($14 million). Smaller positions between $1 million and $10 million include HFT, AVAX, SNX, CHZ, MASKAAVE and Lido Finance (LDO).
Wintermute And Paradigma Follow Behind
Wintermute follows in second place with a total balance of $401 million; its largest holding is Ethereum at $301 million in wETH followed by OP at $47 million and LDO at $22.2million. Paradigma comes in third place with a total balance of $382million; its biggest position is Lido Finance (LDO) with $195million followed by ETH at 166.5million MKR at 22.47million Other investments include Optimi Protocol (OPTIMI) at 10%17%7MIL GALA 7MIL FTM 6MIL DYDX 6MIL BLUR 57MIL HFT 51MIL MATIC 2MIL AAVE 3MIL SNX 5MIL AVAX 2 MIL CHZ 2 MIL MASK 1 MIL LINK all others under 1mil each .
Altcoin Holdings Indicate Strong Investments
Altcoin holdings can generally be considered an indication of strong investments according to Hartvigsen but he also warned that there is no guarantee that VCs are “smart money” since “they often act completely reckless”. He encourages readers to use this info as they wish – either countertrade VCs or identify possibly strong narratives / trades from surviving funds moving forward..
Hartvigsen’s thread provides insight into some of the biggest VCs’ crypto portfolios including their large investments such as Ethereum for Jump Trading or Lido Finance for Paradigma as well as their smaller ones ranging from HFT to AAVE to SNX etc., offering readers potential insight into strong investment opportunities if desired or cautionary tales about potentially reckless investing if needed!