According to the data on the blockchain data platform Solscan, dave portnoy solana wallet held at least 15 tokens with a total value of over 3.8 million US dollars as of December 2023, among which SOL accounted for the most (approximately 65%). Approximately 2.47 million US dollars, totaling 21,000 units. The other noteworthy holdings include Meme token BONK (12%, $456,000, holding 12 billion) and Dogwifhat (8%, $304,000, holding 8.5 million). These two tokens went up 1000% and 600% respectively in 2023 in terms of community popularity (data source: CoinGecko). Also, the wallet also has Jito (JTO) ($57,000, with a 6.8% annualized staking yield) and Raydium (RAY) ($42,000, with a 0.3% liquidity pool share). The latter is a leading Solana ecosystem DEX protocol, which has increased 320% in trading volume over the past year. It totaled 4.7 billion US dollars.
Based on the transaction records, dave portnoy solana wallet has made more than 220 transactions in the last 90 days, with an average of 2.4 transactions per day. Of these, 75% were focused on short-term swing operations of Meme tokens. For instance, the Silly Dragon (Dragon) token that it purchased in November had a holding cost of $0.08. It was subsequently sold at $0.35 a fortnight later, with a rate of return of 337% and a net profit of approximately $120,000. The wallet has also been controversial due to its extravagant Gas fee expenditure – the average statistical Gas consumption per transaction is 0.5 SOL (approximately 45 US dollars), which is three times that of ordinary users. This is speculated to be associated with the priority use of the “Turbo” mode (accelerating transaction confirmation), where the fee premium rate is as much as 200%.
It is worth noting that dave portnoy solana wallet just participated in the primary market investment of a number of Solana ecosystem projects. For example, through the CoinList platform, the Pyth Network (PYTH) token was subscribed at a unit price of $0.22 with an investment amount of $50,000. When it went online, the price skyrocketed to $0.8, and the paper profit was 263%. At the same time, it also holds 18,000 tokens (approximately $7,200) airdropped from Jupiter (JUP), Solana’s largest aggregator, with an average daily trading volume of over $300 million and accounting for 40% of on-chain DEX traffic (figures via DefiLlama). In addition, the wallet holds some NFT assets, including the Mad Lads series (floor price 210 SOL, year-on-year increase 470%) and Tensorians (floor price 55 SOL), with a total estimated value of approximately $186,000.
From a risk perspective, on-chain analysts mentioned that dave portnoy solana wallet assets have extremely high volatility, with 30-day annualized volatility of 89%, significantly higher than the 45% of Bitcoin. For instance, its Myro (MYRO) tokens experienced a maximum single-day drawdown of 34% in December, resulting in a one-day loss of over 70,000 US dollars to the account. This wallet was even once attacked by MEV robots. During the sale of SAMO tokens, it lost $21,000 in transaction slippage, with a slippage rate of as much as 9.7% (the normal level should be less than 1.5%). Nevertheless, its overall return on investment still outperformed the market by a wide margin. According to Arkham Intelligence, since the wallet was introduced in June 2023, the compound rate of return has been 217% while the price appreciation of SOL during the same period was only 91%.