Home Ethereum Billionaire Mark Cuban Accumulating New Crypto Asset – Here’s the Latest on His Ethereum Wallet

Billionaire Mark Cuban Accumulating New Crypto Asset – Here’s the Latest on His Ethereum Wallet

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Billionaire entrepreneur Mark Cuban is accumulating a brand new decentralized finance (DeFi) asset.

A dive into one among Cuban’s publicly identified Ethereum wallets reveals the Shark Tank star added 75 Olympus (OHM) to his portfolio on Saturday.

 

Cuban obtained the OHM in a commerce executed on the decentralized trade SushiSwap. Quickly after that, crypto dealer Tyler Swope called out the transaction in a brand new video.

Cuban staked the OHM – locking up the crypto asset to earn rewards – and now has a total of 536 Staked Olympus (sOHM) price about $298,552 at time of publishing, in response to CoinGecko.

This specific pockets grew to become public when Cuban confirmed off his non-fungible token (NFT) portfolio on his crypto collectible platform, Lazy.

OHM is the native token of OlympusDAO. The venture is trying to create a decentralized, algorithmic reserve foreign money that maintains its buying energy over time with out using any pegs to fiat foreign money.

The crypto asset launched in March and hit an all-time excessive of $1,479 one month later, earlier than the crypto market downturn in Might. Since hitting a Might low of $164, OHM has rebounded and is now buying and selling at $558.99 at time of writing.

The wallet that holds Cuban’s staked OHM has 93 different ERC20 tokens as effectively. A lot of the pockets’s worth comes from Ethereum-based utility coin International Messaging Token (GMT) and RARI. RARI is the governance asset of non-fungible token (NFT) market Rarible.

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Featured Picture: Shutterstock/Anastassiya Bezhekeneva




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