Exposing the Top 5 Crypto Whales with a Staggering $3.5 Billion Holdings Revealed in Recent Report
Renowned blockchain data firm, Arkham Intelligence, has revealed the identities of the top five cryptocurrency whales who collectively hold an astonishing $3.5 billion in digital assets. However, a significant portion of this wealth, approximately 35% or $1.21 billion, remains inaccessible due to lost private keys and passwords.
Arkham Intelligence created a dashboard listing the top 10 wealthiest individuals with crypto holdings. The top five are as follows:
1. Justin Sun ($1.1 billion): Leading the pack is Justin Sun, the founder of the Tron network. His crypto wallet boasts a reported $1.06 billion, primarily consisting of $275 million in Decentralized USD (USDD) and $237 million in Tron’s native token, TRX. However, a significant portion of Sun’s wealth is tied up in his own stablecoin and Tron tokens.
2. Rain Lõhmus ($793 million – inaccessible): Rain Lõhmus, founder of Estonia’s LHV Bank, holds $769 million worth of Ether. Unfortunately, these funds are currently inaccessible due to Lõhmus losing access to his private key, rendering his massive Ethereum holdings unreachable.
3. Vitalik Buterin ($782 million): Vitalik Buterin, co-founder of Ethereum, secures the third spot with $757 million, mainly consisting of Ethereum. Buterin’s substantial Ethereum portfolio of 245,425 ETH tokens reflects his active involvement in the community and development of Ethereum.
4. Stefan Thomas ($452 million – inaccessible): Former Ripple CTO Stefan Thomas holds $442 million in Bitcoin. However, his holdings are marked as inaccessible after losing the password to an encrypted hard drive. Despite efforts by crypto recovery firms, Thomas remains locked out of over 7,000 Bitcoin, which he acquired back in 2011.
5. James Fickel ($446 million): Venture capitalist James Fickel rounds up the top five with $436 million in various digital currencies. Fickel’s diverse portfolio showcases the wide range of assets sought after by high-profile investors in the digital realm.
In addition to the top five, Arkham Intelligence’s list of top crypto wallets includes notable mentions such as early adopter Patricio Worthalter, who commands $219 million primarily in Ethereum, and Winslow Strong, a General Partner at Cluster Capital, with $27.5 million in digital assets.
It is worth noting that while these individuals hold significant wealth in the crypto space, a substantial portion remains inaccessible due to lost passwords or keys.