Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, have been able to accumulate vast quantities of coins. Moreover, a few crypto projects have also seen whales accumulate a majority of a token’s circulating supply via the initial distribution process.
The Top 8 Crypto Assets by Concentration of Large Holders
The subject of whales is a popular one in the world of cryptocurrencies, as the entities have always been a force to be reckoned with. Whales are large crypto asset holders who own more tokens than the average person, and they are called whales because their giant holdings can move markets, much like whales in the ocean that can shake up boats and cause massive waves.
After more than a decade of people launching thousands of alternative crypto assets, years of digital currency trading, and the ever-changing price cycles, whale concentrations have changed over the years. The following is a look at the current concentration of large holders and crypto whales throughout the crypto economy’s top digital assets by market valuation. The concentration of large holders list and its onchain data derive from coincarp.com and intotheblock.com statistics.
Bitcoin (BTC) Concentration of Large Holders
The leading crypto asset bitcoin (BTC) is the oldest digital currency in the world based on blockchain technology, and it is assumed that BTC had a very fair distribution process. It is also assumed that Satoshi Nakamoto may own around 750,000 to 1 million BTC, which sit in
