Top Crypto Investors in the Second Half of 2025: Institutional PnL Rankings Released, These Firms Lead

RektRecovery · 2026-01-02T05:06:10+00:00

The latest data shows that the crypto investment circle has exhibited a divergence in the past six months. Multicoin and Version One performed outstandingly, each earning over $17 million. DeFiance Capital followed closely, while leading institutions such as a16z, Pantera Capital, and Coinbase Ventures maintained frequent deployment, demonstrating their adaptive investment strategies to market fluctuations.

RektRecovery

2026-01-02 05:06:10

Abstract generation in progress

【Chain Wen】Latest data shows that the cryptocurrency investment circle over the past half year has seen some rejoice and others worry. According to on-chain data monitoring, Multicoin and Version One have performed the best in their holdings in the second half of 2025—each institution achieved profits of over $17 million, far surpassing their peers.

DeFiance Capital follows closely, also demonstrating a keen investment sense. Meanwhile, the frequent appearances of top institutions like a16z, Pantera Capital, and Coinbase Ventures on various leaderboards indirectly indicate a fact: institutional investors have not retreated amid market volatility, but instead maintain a high-frequency deployment strategy. From the changes in their holdings, it seems they have already found an investment rhythm suitable for this cycle.

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TrustlessMaximalist

· 01-04 20:13

Did multicoin win again this round? I feel like they are always at the top of the list during every bull market. Version One took off directly with 17 million USD. Some funds really should reflect on their coin selection logic. Defiance followed closely and did pretty well, but what about a16z and Pantera... were they beaten down? Looking at this ranking makes me exhausted. When will retail investors get their turn to shine...

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MoonMathMagic

· 01-04 00:07

Multicoin wins again and again, these guys are really cheating... The figure of 17 million dollars is blinding me.

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GateUser-9f682d4c

· 01-03 16:41

Multicoin is really going all out this time. They easily secured 17 million USD? I need to learn their coin selection logic.

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SelfCustodyBro

· 01-02 05:34

Multicoin $17 million? Come on, this number should be questioned. With such transparent on-chain data, how can someone lose so badly? Version One really chooses the right track, unlike some big institutions that boast about themselves every day. What about a16z? I haven't seen them on the list. Is it because they didn't make it or a data issue? DeFiance being able to keep up is already good; that's just how the market is.

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FudVaccinator

· 01-02 05:33

Wow, Multicoin really outdid themselves this time, making 17 million USD just like that... Why am I still at a loss haha --- Did Version One win again? How do these guys always manage to hit the mark so precisely --- DeFiance is right behind... Where's the promised democratization of investment? Feels like these few firms always take the profits while we just get the leftovers --- It's the same familiar faces like a16z and Pantera again. Why does it seem like their PnL rankings are always a solo dance for them --- 17 million in half a year... Their holdings make my blood pressure rise haha --- Did Multicoin not cut their losses this time? I remember they always love to make crazy moves --- Once the rankings are out, retail investors start copying, then they get cut... When will this cycle ever end --- Real investment intuition vs. my random clicks, why is the gap so huge --- I remember Version One used to be very low-profile. It's interesting that they suddenly made the list this time --- DeFiance claims they have good instincts, I believe it, but I always feel they might be a bit overconfident

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gaslight_gasfeez

· 01-02 05:28

Damn, Multicoin is on a winning streak again, $17 million... Why am I still losing money? --- This round of Position One's holdings are really top-notch. Want to know exactly what they bought? --- Why isn't a16z on the list yet? Could it be that they've also dropped? --- DeFiance Capital definitely has some skills. Next time, I'll follow their lead. --- This ranking is just showing off wealth. As small retail investors, we can only watch. --- What about Pantera? Why didn't they clarify... Feels like they're deliberately leaving a cliffhanger. --- Damn, they earned $17 million in half a year, while I lost $1,700 in the same period. --- Multicoin's investment strategy is truly excellent. Must study it carefully. --- It's always the same few institutions, still so narrow-minded. --- When will Version One have a setback? They keep winning so much; luck can't be this good forever.

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FromMinerToFarmer

· 01-02 05:24

No more words, once again Multicoin is winning big. When can I, as a retail investor, catch up with these institutions' sniffing skills? Is Version One also so fierce? Easily taking out 17 million USD, I need to study their holding strategies carefully. DeFiance Capital's quick follow-up is no joke; this round is truly a winner-takes-all. Why isn't a16z on the headlines? Could they be secretly bottom-fishing again? I was abandoned by the era even during the mining days; now I can only copy the institutions' homework.

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SillyWhale

· 01-02 05:11

Multicoin won again? This time not following the trend turned out to be right --- Version One $17 million, is that all? I thought it was more --- DeFiance Capital is steady this time, no reckless moves --- What's going on with a16z? Not on the list? --- By the way, how's Pantera doing? The article didn't finish --- It's these few again, retail investors are always the ones giving gifts --- $17 million sounds like a lot, but for their scale of investment, it's really nothing --- Can Version One beat Multicoin? I don't think so --- DeFiance Capital? Never heard of it, who knows which deity this is --- Coinbase is also on the list? Being compliant makes a difference --- Where is this data from? Can on-chain monitoring be this accurate? --- Institutions are making a killing again, while we're still losing principal --- Feels like these are the only few on the list after all this time, what about other institutions? --- Is Version One real? I haven't heard much about it

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RugResistant

· 01-02 05:07

Damn, Multicoin is making crazy profits again. These two institutions are really something... However, I still don't quite understand the moves in Version 1. Can someone explain?

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Top Crypto Investors in the Second Half of 2025: Institutional PnL Rankings Released, These Firms Lead

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Top Crypto Investors in the Second Half of 2025: Institutional PnL Rankings Released, These Firms Lead

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