Mark Cuban Is Staking AAVE

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Last Updated on 30 January 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Billionaire Mark Cuban is known within the cryptosphere for his outspoken position against Bitcoin and cryptocurrencies. However, it seems that lately the Dallas Mavericks owner is starting to turn as his crypto wallet was recently uncovered.

Mark Cuban is known for his stance that is always marked – but very fluctuating – vis-à-vis cryptocurrencies. In 2017 already, the billionaire came to the defense of Bitcoin when several of his Shark Tank colleagues considered the king of crypto to be an instrument of fraud.

Still, he didn’t invest.

Advertentie.

Banana versus Bitcoin

But 3 years later, by late 2020, his discourse had changed a lot, towards him becoming a crypto skeptic. On several occasions, Cuban had considered Bitcoin to have no intrinsic value. And worse: he even came to claim that a banana was more useful than Bitcoin. In other words, Cuban’s review is about as volatile as the price of the greatest cryptocurrency of all, Bitcoin.

However, it would seem that behind all the vagueness in his words lies a whole other truth as the Block’s researcher, Steven Zhang, managed earlier this week to get his hands on an Ethereum address owned by none other than Mark Cuban.

Zhang was helped by the fact that Cuban himself had posted, on Twitter, the link to an NFT for sale on Rarible.

Mark Cuban’s address, which has been active for a fortnight, presents a pretty jackpot of $132,000, the majority of which ($128,000) would come from the 450 or so AAVE deposited in the protocol’s staking service. The list goes on with a whole bunch of ERC-20s in smaller proportions, like HEX and Reserve Rights. It is likely that people just send him those tokens.

Looks like Mr Cuban has changed his idea about crypto after all. And he picked a good one, as Bitwise just decided that AAVE would now be allowed to enter it’s top 10 of Large Cap Index Crypto.