In finance, ‘smart money’ typically refers to institutional or professional investors presumed to possess greater market knowledge and resources. However, an intriguing pattern emerges when examining the top holders across major DeFi platforms.
CryptoSlate analyzed the top 5 wallets (excluding funds and exchanges) and the top 5 fund wallets from major DeFi platforms listed on the on-chain data site Cherry Pick. Platforms included Uniswap, Aave, Curve, Balancer, and 1inch.
Risk Tolerance and Diversification.
The data shows that single wallets linked to institutions generally have lower balances than individual wallets. This could indicate several things.
Firstly, institutional investors may be diversifying their portfolios to mitigate risk. Traditional financial wisdom advocates diversification as a hedge against volatility, and it seems this principle may be carrying over into the developing world of DeFi. This is supported by funds having multiple wallets tagged. Secondly, the low
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