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The Supply Of Most Crypto Assets Is Concentrated In 100 Top Addresses, Reveals Crypto Market Still Dominated By Whale Investors
Summary: Out of 855 crypto assets tracked by behavior analytics platform Santiment, 727 have 50% or more of their total supply located in the top 100 addresses. This data point reveals that the crypto industry is still largely dominated by whale investors. While the original vision for cryptocurrencies was more collective, Bitcoin and altcoin supply appears ...
Out of 855 crypto assets tracked by behavior analytics platform Santiment, 727 have 50% or more of their total supply located in the top 100 addresses.
This data point reveals that the crypto industry is still largely dominated by whale investors. While the original vision for cryptocurrencies was more collective, Bitcoin and altcoin supply appears to be concentrated in the hands of the few.
A high number of whale investors can contribute to market volatility as big sell-offs or buying sprees can affect the prices of cryptocurrencies.
By Emily Mason
Tags: Altcoins,Bitcoin,Santiment,Whale Investor
Link: The Supply Of Most Crypto Assets Is Concentrated In 100 Top Addresses, Reveals Crypto Market Still Dominated By Whale Investors [Copy]
