Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies

2 years ago
 Unveiling the Rich Lists of the Top 10 Cryptocurrencies

In the past 10 years, a myriad of integer currencies person emerged alongside bitcoin, forming a cryptocurrency ecosystem present worthy $1.2 trillion. Within this realm, enigmatic figures known arsenic crypto whales person played a pivotal relation successful the distribution, trading, and accumulation of coins crossed assorted projects. This survey delves into the 10 astir invaluable crypto assets based connected marketplace valuation, shedding airy connected the grade of their organisation and ‘rich list’ improvement passim the years by examining their affluent lists of holders.

Examining the Top 10 Cryptocurrencies’ Wealth Distribution

Since its inception successful January 2009, bitcoin (BTC) has traversed a singular journey, undergoing important organisation implicit the people of the past 14 years. This probe aims to research the intriguing scenery of the alleged ‘BTC affluent list,’ portion simultaneously examining the affluent lists tethered to the apical 10 crypto assets successful June 2023.

By delving into this analysis, we tin gauge the sheer magnitude of holdings possessed by the astir important crypto holders successful the contiguous day. To ascertain the organisation levels of the apical crypto projects featured connected cryptocurrency marketplace headdress aggregation sites, the affluent database statistic provided by the web portal coincarp.com were utilized.

Bitcoin

According to existent statistic connected June 22, 2023, the fig of unsocial addresses holding BTC contiguous is astir 48,304,381. Among these addresses, the apical 10 wallets person 5.32% of the full supply. The apical 50 bitcoin holders power 10.68% of the supply, portion the apical 100 ain 13.50% of BTC’s circulating supply. Furthermore, 3 of the apical 10 BTC addresses are designated arsenic exchange-operated wallets.

Ethereum

The second-largest cryptocurrency by marketplace capitalization contiguous is ethereum (ETH), according to coincarp.com statistics. On June 22, determination were 235,690,415 holders of ETH. Among the 235 cardinal unsocial addresses holding ether, the apical 10 wallets power 31.15% of the ETH supply. The apical 50 wallets relationship for 38.92%, portion the apical 100 addresses clasp 44.34% of ETH’s supply. In opposition to BTC, 9 retired of the apical 10 ether wallets are labeled arsenic speech wallets.

Tether

Tether (USDT) holds the presumption of the third-largest cryptocurrency plus successful presumption of marketplace capitalization, and it is issued connected aggregate blockchains. However, this probe lone considers USDT minted connected Ethereum. As of June 22, determination are 4,369,987 wallets based connected ETH that clasp USDT. Among them, the apical 10 holders relationship for 18.56% of the circulating USDT, portion the apical 50 holders ain 35.87% of the supply. Tether’s apical 100 wallets marque up 42.74% of the USDT based connected the ERC20 standard. It is worthy noting that each wallet successful the apical 10 affluent database for ERC20-based USDT is labeled arsenic an speech address.

BNB

Similarly, BNB has affluent lists connected some Ethereum and the BNB chain, and this survey relies connected the ERC20 affluent database for BNB’s supply. Approximately 281,987 holders person BNB, and the apical 10 wallets power 47.61% of the supply. The apical 50 BNB wallets relationship for 64.91% of the supply, portion the apical 100 wallets correspond 70.95%. Only 2 wallets retired of the apical 10 BNB addresses are labeled arsenic speech wallets. For further reference, a speedy glimpse astatine the BNB concatenation stats reveals 2,650,397 BNB holders; however, the apical 10 wallets connected that concatenation person 97.25% of the supply.

USDC

Once again, usd coin (USDC) is simply a coin that is minted connected aggregate blockchains, but the probe conducted successful this survey focuses connected ERC20-based statistics. There are 1,648,279 identified addresses that clasp USDC, and the apical 10 wallets power 16.09% of the proviso based connected the ERC20 standard. The apical 50 addresses person 33.05% of USDC’s supply, portion the apical 100 addresses relationship for 41.79%. Among the apical 10 USDC wallets, 8 are labeled arsenic either centralized oregon decentralized speech platforms.

XRP

XRP boasts a full of 4,661,405 holders, with the apical 10 wallets controlling astir 10.8% of the coin’s supply. Additionally, the apical 50 XRP wallets relationship for 16.08% of the full supply, portion the apical 100 wallets clasp astir 32.9%. Notably, 3 retired of the apical 10 wallets are held by cryptocurrency exchanges.

OKB

Moving connected to OKB, it presently has 50,814 holders. Among these, the apical 10 wallets bid 22.26% of the token’s supply. Furthermore, the apical 50 OKB holders ain 22.66% of the full supply, portion the apical 100 holders relationship for 23.16%. It is worthy mentioning that 3 retired of the apical 10 OKB wallets are labeled arsenic speech addresses.

ADA

Cardano (ADA) presently has 3,577,963 unsocial addresses holding ADA. Among them, the apical 10 wallets clasp 9.38% of the supply, portion the apical 50 ADA wallets bid 15.57%. Additionally, the apical 100 wallets clasp 20.61% of ADA’s proviso arsenic of June 22. Notably, nary of the apical 10 ADA wallets are labeled arsenic speech platforms, according to coincarp.com metrics.

DOGE

Dogecoin (DOGE) boasts 5,406,500 holders. The apical 10 wallets bid a important information of the DOGE supply, accounting for 46.11%. Furthermore, the apical 50 DOGE addresses clasp 60.87% of the supply, portion the apical 100 wallets support 66.29% of the full supply.

SOL

Lastly, the solana (SOL) affluent database reveals that 9,154,449 addresses clasp SOL currently. Among them, the apical 10 wallets person 10.39% of the supply. Additionally, the apical 50 SOL wallets presently clasp 24.88% of the full supply, portion the apical 100 wallets bid 32.69% of each the SOL successful circulation. It is worthy noting that coincarp.com’s metrics bash not show exchange-labeled wallets for some DOGE and SOL affluent database data.

Out of the apical 10 coins connected the affluent list, the astir evenly distributed ones are BTC, ADA, XRP, and SOL. These 4 cryptocurrencies grounds the lowest attraction of proviso successful the hands of apical wallets, suggesting a comparatively just organisation compared to the different coins connected the list.

What are your thoughts connected the attraction of wealthiness wrong the cryptocurrency ecosystem? Share your thoughts and opinions astir this taxable successful the comments conception below.

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