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.
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.
Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.
Featured Picture: Shutterstock/Anastassiya Bezhekeneva