Crypto detectives use on-chain data to learn the contents of the billionaire Mark Cuban’s altcoin portfolio.
Cuban, a well-known crypto advocate, seems to have entered the world of cryptocurrencies for good. He even uses crypto platforms for NFT’s.
Two altcoin investments associated with Cuban are layer-2 Ethereum scaling solution Polygon (MATIC) and decentralized Ethereum-based trading platform Injective Protocol (INJ).
In January, one of Cuban’s Ethereum (ETH) wallets surfaced after printing an NFT on the NFT marketplace Rarible.
At that time, the wallet contained a number of DeFi altcoins. But most of its funds are allocated to lending protocol Aave (AAVE). The same wallet appears to have been nearly emptied by Cuban. It has about $2,000 worth of Ethereum and about $26,000 worth of obscure altcoins, including Dogelon (ELON), Doge Inu (DOGI), and Bingo Inu (BINGO). It is unclear whether Cuban bought these crypto assets or whether they were sent to him by their owners trying to promote their own tokens.
Crypto analyst Lark Davis shared his thoughts on Cuban about the contents of various crypto wallets, emphasizing that the owner of the Dallas Mavericks mentioned in an interview that he holds 60% of his crypto portfolio in Bitcoin, 30% in Ethereum and 10% in other wallets.
“From what we’ve seen on the blockchain, there are Aave, Rarible (RARI), SushiSwap (SUSHI), Polygon, Serum (SRM), Injective and Phantom (FTM)… The cryptocurrencies I’m talking about probably don’t make up its full portfolio. These are just the cryptos we see at his address.””