Pantera Capital’s Liquid Token Fund, with assets totaling around $300 million, reported a 66% gain in the first quarter.
This was largely driven by investments in cryptocurrencies like Solana while reducing its stakes in Bitcoin and Ethereum-related assets.
According to Bloomberg, altcoins such as RBN, Aevo, and STX also contributed to this impressive first-quarter performance.
During the same period, Bitcoin saw a 67% increase, hitting a peak of $73,798 by mid-March, only to experience a slight decline thereafter.
In contrast, Solana’s value nearly doubled. Prices for Bitcoin and Solana were recorded at $67,540 and $174, respectively, at last check on Saturday, April 6.
Pantera mostly focused on Bitcoin investments until January.
However, anticipating a wider bull market, the fund continuously decreased its Bitcoin position monthly and diversified its portfolio with other popular tokens.
The fund also scaled back on…
