When it comes to “whales”, the biggest boast is owning vast stashes of Bitcoin (BTC). But statistics show that other crypto coins may be more weighed down by wallets with a big concentration of wealth.
Whales May Affect Altcoins More than BTC
Counting crypto addresses that hold more than 1% of the coin’s supply, BTC is actually among the most democratic cryptocurrencies.
Talking about whales and ownership by concentration of an asset
Addresses with more than 1%:$BTC 39 addrss owns 11.1%$ETH 154 addrss owns 40% $BCH 105 addrss owns 28%$LTC 128 addrss owns 47%$BSV 104 addrss owns 25%$ADA 39 addrss owns 40%$Tether 140 addrss owns 58%
— intotheblock (@intotheblock) January 9, 2020
Altcoins, which have arrived with messages of a more democratic distribution, in fact, fail at the task. For some altcoins, “whales” easily reach…
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