4 important Lessons you can learn from Justin Sun (and how to track his wallets)

Bitcoin Halving is done. What now?

One of the biggest events in crypto just happened, and the markets are almost unfazed.

It’s just a small dip (I hope 😅)

The mining reward dropped from 6.25 BTC to 3.125 BTC.

The one mildly interesting thing that happened during the halving was that a miner paid 40 BTC as a reward to mind block 840’000

Why? Probably because it’s a historical block that might be valuable.

But what can you expect now after the halving is done? 

How will the altcoin halving affect your BTC, ETH, and altcoin positions?

Let’s find out!

Enjoy!
Onchain Edge

The Onchain Edge Index is at 82.

So definitely on the high level.

I’m waiting for values above 90 to take some profit. In a future newsletter, I’ll also explain in more detail how I intend to use the onchain index to trade market cycles.

Let's check how the global market cap responded to the 2020 halving.

The global market cap is currently below the 2021 rally's all-time high of 2.77T.

After the halving in 2020, the global market rallied 1,161%.

If history repeats itself, we will most likely see the global market cap increase well into Q2 of 2025.

The altcoin market cap experienced a similar price action.

The altcoin market went up 1,900% after the last halving.

Due to the trend of diminishing returns, we will probably have a smaller rallyone, but I think you will still be shocked at how high it can go.

Don’t fade this next cycle. Accumulate high-potential coins with a good use case. I also highly suggest you avoid using leverage and don’t get shaken out during the rally dips.

There were multiple 30% dips between May 2020 and the bull market peak.

$150k is still on the table for BTC

But now allow me to share with you some insights and lessons you can learn from one of the best traders in the crypto market.

4 important lessons you can learn from Justin Sun

Justin got involved in crypto in 2012 when he was a graduate student.

He was one of the first employees of Ripple in 2013.

In 2017, he founded the Tron blockchain. His original vision was for Tron to enable peer-to-peer payments and banking for the unbanked.

Tron was designed to be very similar to Ethereum (95% the same). In retrospect, he thinks he should have copied Ethereum 100% to enable more compatibility. (source)

Funnily enough, I actually made quite a bit of money in 2021 using the Tronpad launchpad and getting early into some tokens there.

He uses crypto protocols early and actively, while maintaining conviction and a long-term outlook even through market cycles.

I see this as a clear need in the crypto space. Many crypto investors cannot hold trades for more than 10 days.

Here are 4 actionable lessons you can implement in your long-term investing

1. Learning by doing: To truly understand and keep up with the fast-moving crypto space, use new products, trade, and invest, even in small amounts. He applies this approach himself and encourages others to do the same.

2.  Managing Risk: Justin nearly got liquidated on a $2B leveraged ETH position on Liquity when the market crashed in 2021 (source UP only podcast). This taught him the importance of more conservative risk management and having a dedicated team monitoring positions.

3. Focuses on projects with real adoption and usage: Justin evaluates projects based on real-world usage and adoption. For example, he is bullish on Tron because of its growing usage for stablecoins and decentralized finance, with over $50B in total value locked.

4. Invest in attention-grabbing sectors: Justin believes that crypto sectors that capture mainstream attention, such as NFTs, are powerful for driving overall adoption, even if other areas like DeFi have a larger actual economic value. He has spent millions collecting NFTs. (The next attention-grabbing sector will most likely be BTC NFTs)

Now, let's look at what he’s holding and where you can find his wallets.

What is he currently holding?

You can get a good view of his overall portfolio on the Arkham dashboard.

Currently, he holds around $1bn of assets onchain and an unknown amount on exchanges. Most of his assets aren’t really that interesting to me.

He holds a lot of $USDD, $TRX, and $BTT (Bit torrent).

But what, I think, is super fascinating is tracking when he sends large amounts of ETH to exchanges during cycle tops and to onchain wallets during the bear market or before rallies.

This is how you can track his moves.

How to track Justin Sun wallets for free?

you can use this short tutorial to track any onchain wallet you like.

Here are three of his known addresses.

There are probably more, but this is a good start:
0x176f3dab24a159341c0509bb36b833e7fdd0a132 ($685m)
0x3ddfa8ec3052539b6c9549f12cea2c295cff5296 ($19m)
0x9fcc67d7db763787bb1c7f3bc7f34d3c548c19fe ($295m)

The next step you want to take is to set up your Cielo Account (free), which allows you to track up to 250 wallets.

Connect with the wallet of your choice

Click on My Wallets, then on Add Wallets.

Add one of Justin Sun’s wallets to the input. If you are on the free account, then select the #Free telegram bot.

Under Alert settings, I added a filter for $1’000’000 and want notifications only on swaps, transfers, and bridge transactions.

Under settings and alerts, you can set the alerts for Telegram.

That’s it. Rinse and repeat for the other wallets.

Just one word of warning. Not all the altcoins that are deposited in his wallet are legit projects.

Many scammers will send coins to their wallets to trick beginner investors. Here’s a good thread on how to identify these scams.

Links that don’t suck

 What you need to know about runes and if you should fomo

Will stablecoins become the largest holders of US treasuries?

Real world assets real world applications

a16z has released Jolt Alpha, a new efficient zkVM design offering high performance.

UK to propose clear crypto by July

Please retweet

I hope you enjoyed this newsletter.

The only thing I ask of you is to retweet this tweet! Thanks

Enjoy!
Onchain Edge