Top Billion; Lost Keys Render Large Portions Unreachable
Summary:
The top five cryptocurrency whales, with publicly known wallet addresses, collectively hold approximately $3.5 billion, states blockchain analytics firm Arkham. However, a significant portion is unobtainable due to lost passwords and private keys. The list includes names like Justin Sun, Vitalik Buterin, Rain Lõhmus, Stefan Thomas, and James Fickel. The gathered dashboard data reveals their current token holdings, balance history, recent transactions, and more. However, the list excludes whale wallets associated with unknown or pseudonymous owners.
Publicly recognized addresses of five of the biggest cryptocurrency whales amass around $3.5 billion in digital currency, as per data displayed by blockchain analytics company Arkham. Nonetheless, due to forgotten passwords and private keys, a significant portion of this wealth is unreachable. Arkham revealed the updated list showcasing the digital assets of some of the wealthiest cryptocurrency owners globally, including Tron's Justin Sun and Ethereum's Vitalik Buterin, on April 15. The compiled wealth of the top five digital currency owners on this list is approximately $3.47 billion. However, about 35% or $1.21 billion of this amount is identified as 'unreachable'. Source: Arkham IntelligenceThe list is led by Justin Sun, with a reported $1.06 billion in his digital wallet. His Tron network wallet primarily contains his own stablecoin, Decentralized USD (USDD) worth $275 million, followed by Tron's native token (TRX) worth $237 million. Estonia-base LHV Bank's founder, Rain Lõhmus, with a crypto wealth of $769 million primarily consisting of Ether, acquires the second spot. However, after losing his private key, this amount is also considered unreachable. Ethereum co-founder Vitalik Buterin holds the third position with $757 million worth of digital currency in his wallet, mostly in ETH tokens. Stefan Thomas, the former chief technology officer at Ripple, ranks fourth with Bitcoin worth $442 million, which is also unreachable after he lost his encrypted hard drive's password which contained all his cryptocurrency details. Cryptocurrency venture capitalist James Fickel sits in the fifth spot with a digital portfolio amounting to $436 million. Other remarkable wallets in the top ten include early adopter Patricio Worthalter with $219 million worth of digital wealth primarily in ETH, and General Partner at Cluster Capital, Winslow Strong, holding digital assets worth $27.5 million. The dashboard shows tagged public wallets by Arkham, their present token holdings and balance history, portfolios breakdown across chains and historical daily balances, and recent transactions. However, the list does not include anonymous or pseudonymous whale wallets, such as Bitcoin’s creator Satoshi Nakamoto, whose Bitcoin holdings are worth tens of billions across various addresses, or other cryptos magnates without a specific wallet address link. Magazine: One out of every six new base meme coins are fraudulent, showing a vulnerability rate of 91%.
Published At
4/16/2024 9:09:45 AM
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