Analysis of VC Wallet Addresses: What Tokens Are Held by Top VCs Like Jump, A16z, and Wintermute?
8 major holdings and recent investments of venture capital firms.Written by: Thor Hartvigsen
Compiled by: Deep Tide TechFlow
Discovering profit opportunities from VC wallets, the top 20 cryptocurrency funds have a total of over 1,200 wallets. I have been closely monitoring them throughout January and February. Here, I will introduce the 8 largest venture capital firms, their biggest holdings, and recent investments.
Disclaimer: We have witnessed that VC does not guarantee "smart money," so please use this information judiciously. Additionally, due to multiple wallets across various chains, it is difficult to obtain these balances with complete accuracy. There may be unknown assets in wallets that I cannot track, so please be cautious.
1. Jump Trading
Total amount: $3.8 billion:
$3.25 billion ETH
$328 million $SHIB
$81 million MATIC
$50 million $USDC
$50 million wBTC
$20 million $LINK
$14 million $COMP
Smaller positions ($1 million to $10 million) include: $HFT, $AVAX, $SNX, $CHZ, $MASK, $AAVE, $LDO.
In the past few days, Jump has redeemed over $50 million in BUSD on Paxos (possibly as an arbitrage strategy). Note: These are just EVM wallets.
2. Blockchain Capital
Total amount: $87.2 million:
$21.7 million $MATIC
$18.4 million $AAVE
$15.7 million $UNI
$11 million $ETH
$5 million $RPL
$3.6 million $LDO
$3 million $1INCH
Smaller positions ($100,000 - $1 million) include: $SUSHI, $NXM, $BAL, $GAMMA, $OHM, $PERP.
Interestingly, $MATIC is their largest public position, most of which was even purchased in 2023.
Polygon will launch their zkEVM on March 27. Meanwhile, Blockchain Capital also co-led a $200 million Series C funding round for zkSync with Dragonfly.
3. a16z
Total balance: $310 million:
$257 million $UNI
$15.5 million USDC/ETH LP
$13.7 million $COMP
Provided $7.5 million in BTC on the Venus protocol (borrowed $2.5 million in ETH)
Provided $7.5 million in USDC collateral on Aave
$3 million $MKR
Provided $1.8 million in $wETH on Radiant.
a16z controls over 4% of the total supply of $UNI, giving them enough governance power to reject proposals (they recently did so regarding a proposal to deploy Uniswap on the BNB chain via Wormhole). a16z has also invested in $LDO, $DYDX, $STG, $OP, and others.
4. Amber Group
Total balance: $245 million:
$119 million $ETH
$74 million $USDC/$USDT
$21.5 million FET
$8.3 million $DYDX
$3.6 million wBTC
$2.2 million $SWISE
$1.8 million $CVX.
Smaller positions ($100,000 to $1 million) include: $MATIC, $AAVE, $LINK, $GRT, $LDO, $SYN, $FTM.
Among all LSDs, Amber Group has the most confidence in $SWISE. In the past three days, Amber Group purchased over $20 million in $FET (FetchAI). Additionally, Amber recently interacted with a wallet holding $17 million in ETH, $8 million in RNDR, and $5 million in MATIC, which may also be their wallet.
5. Wintermute
Total balance: $401 million:
$301 million $wETH
$47 million $OP
$22.2 million LDO
$17 million ETH
$7.5 million $GALA (most acquired this month)
$7.3 million FTM
$6.6 million $DYDX
$6 million $BLUR
$5.7 million $HFT
$5.1 million $MATIC.
Wintermute deposited over $5 million of BLUR into several exchange deposit addresses before and after the airdrop (possibly dumping).
In the past few days, the fund seems to have been arbitraging/selling over $20 million in BUSD. Lastly, Wintermute appears to have sold about $4 million in APE in February.
6. Paradigm
Total balance: $382 million:
$195 million LDO
$166.5 million ETH
$20.47 million MKR
This may just be a small portion of their larger assets. Some of their investments include Optimism, Synthetix, DYDX, Osmosis, Uniswap, Starkware, and others.
Interestingly, Paradigm is one of the largest investors in Lido Finance. As of now, out of their 100 million LDO tokens, 79 million have been unlocked (fully unlocked on May 1, 2023).
Paradigm has also invested over $2 million in MKR for MakerDAO governance.
7. Dragonfly Capital
Total balance: $90.4 million:
$46 million $LDO
$13.3 million $TON
$10.6 million $MATIC
$7 million $FXS
$6.7 million $AAVE
$2.5 million RBN
$1.4 million $DYDX
Other notable investments include Near, Cosmos, Mina, zkSync, and others.
8. DeFiance Capital
Total balance: $85 million:
$57 million $USDC/DAI/USDT
$17 million LDO
$3.1 million $AAVE
$3 million $DODO
$1.7 million $AXS
$1.6 million ETH
$1 million $MC
Merit Circle ($MC) is a gaming DAO building Web3 games. DeFiance has also staked a significant amount of USDC on Stargate.
