Who is James Fickel? Crypto Investor and Longevity Researcher
- WBOYOriginal
- 2024-08-12 00:25:31457browse
James Fickel is the founder of the Amaranth Foundation, funding longevity research, and the world's fifth richest known crypto investor.
Crypto investor James Fickel, known for his seven-month long Ethereum (ETH) position against Bitcoin (BTC), partially closed the position on August 10 with a reported loss of 21%.
According to a report by Lookonchain, Fickel opened the long positions on January 10, using an advanced decentralized finance (DeFi) strategy that involved lending, borrowing, and trading one asset against the other.
The report noted that Fickel provided lending liquidity on Aave (AAVE) to use as collateral and borrowed 3,061 Wrapped Bitcoin (wBTC), which he then used to swap for 56,445 ETH over seven months.
Based on the seven months of activity, and using the average ETH/BTC exchange rate of 0.05424, the crypto investor's average entry price for ETH was $3,200, while the average entry price for BTC was $56,180.
However, on August 10, Fickel’s known address ‘0xd85351181b3F264ee0FDFa94518464d7c3DefaDa’ exchanged 10,000 ETH for 426 wBTC, valued at $25.9 million at an exchange rate of 0.04258.
This indicated that the crypto investor partially closed his position at a loss, as the entry price for ETH was $3,200 and the closing price was around $2,590, incurring a loss of 21% plus the wBTC interest rate paid to Aave lenders.
Moreover, Fickel's crypto net worth, as reported by Arkham in April 2024, was over $446 million, making him the world’s fifth-richest cryptocurrency investor.
Data retrieved by Finbold from Arkham Intelligence on August 11 showed the investor's crypto net worth had already increased by $10 million since then, reaching $457.39 million.
The majority of his portfolio consisted of 133,516 AETHWSTETH ($420 million) and 10,601 AETHWETH ($28.49 million). Smaller portions of the portfolio included wETH, ETH, USDC, Optimism (OP), and other cryptocurrencies.
In addition to being an active cryptocurrency investor and Ethereum enthusiast, James Fickel is also the founder of the Amaranth Foundation. The foundation conducts and funds leading research in longevity and neuroscience, specifically studying solutions for aging.
As evident in his trades, Fickel has shown a strong investment conviction that ETH will outpe
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