Is ‘smart money’ that smart? Top 5 DeFi wallets have unrealized losses

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.