Whales Still Control Leading Coins, Most Tokens

[BucksRush 8]

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

[Satya31 865]

1 hour ago, BucksRush said:

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

You are right. Till now the whales control the maximum changes of the crypto 80 percent time. According to. My opinion the whales always target the high volume coins. And the high volume coins also have the low cost. Some exception is there. They hold the major volume of this coins. They have very much influence over it. 

[nicolas1234789 2566]

Whales job is manipulate market, they will give wave into dominant crypto to get supply/ demand they want. They create rumors and bait to make fast opinion and make people create transaction without calculation. So far, my understanding about whales is different with all member I know, just be careful with correction because most of them already there.

[sdsonjoy50 886]

Yes you are right most of the tokens are leading the current coins, but when one token becomes very popularious and not dealing with another coin, that token itself becomes popular with everyone, but in the beginning, the token has to rely on coins.

[McCree 713]

Is a whale actually required to control the market to make sure the market doesn't do a free fall? I find that hard to believe.

[vivek jain 308]

2 hours ago, BucksRush said:

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

A new study of 140,000 crypto addresses finds that few accounts are needed to form majority ownership of many coins. More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses. Almost 1 in 4 tokens had a majority owned by the project founder. In contrast, you need over 1,100 of the top addresses to control the majority of bitcoin cash.

[fuer44 1083]

yes, because they have a lot of money to make moving graphics according to their wishes. for example when buying lots, the price will pump up and when selling everything the price will be dumping.

[Afrizal rahman 2636]

The Pope always uses high volumes of coins. the decrease and increase are all seen from the volume he gives. I think the other whales are moving to start their plans.

[Sahbana 212]

I have often heard that whales are the biggest holders of well-known bitcoin and altcoin funds. They freely manipulate prices with all the power they have so they can get profits.

I have often heard that whales are the biggest holders of well-known bitcoin and altcoin funds. They freely manipulate prices with all the power they have so they can get profits.

[Thekingcallme 1975]

Indeed, whales control the cryptocurrency market and affect it greatly, and I think the solution is to walk with them in their movements in order to benefit from that.

[bliznec 22267]

The main thing is that Bitcoin should be on this list further. I mainly store Bitcoin, and I would like to buy these coins, too, to be sure. 

[SuperCrypto 7193]

On 12/21/2019 at 7:14 AM, BucksRush said:

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

Cryptocurrency whales currently have a quarter of the bitcoins present. When market whales begin to emerge, you can be sure that the main Bitcoin market movement is on its way..and its impact on the market is more positive than negative.

[Sohel Rana Sazzad 453]

I have no idea  about Whales Still Control Leading Coins, Most Tokens  if anyone knows about this, please let me know I too would like to know about this.

[alexisfuentes 2130]

You have to live with this and adapt, as part of an ecosystem that is not perfect, just understand it, do your thing, Whales need the little ones so that the crypto ecosystem continues to grow.

 

*Friend! it is good to put source of your information. that gives more values to your OP and helps us to deepen the information..

 

[bentayebsalah 2280]

Yes, whales still dominate the market, and I think they continue to do so as long as they acquire the largest amount of currency

[Benjamin 84]

This is the one reason why is the price of bitcoin will be getting down because this whales getting the bitcoin which are need to run to the market, they are getting this bitcoins to this coming 2020 because the halving of bitcoin will be started in 2020 so thay they will get some big money.

[miskyming 1588]

It is hard to believe if there is group of whales that can control of leading coins, but I think they can easily control in some coins especially in a new coins. 

[patitaycute 648]

It was basically whale investors control the value of every tokens in the market. The moment whale investors sale their largest percentage of this token it may affect the price of it.

[andrehol 16294]

It’s unpleasant to know that someone other than me can manipulate my finances. But it reassures me that the whales do not need to drop and depreciate their assets.

[Syedbesharat 5423]

On 12/21/2019 at 10:14 AM, BucksRush said:

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

That is a quit heavy number of whales they mention in report.These whales are manipulation these coins and making pump and dump according to their wish.It will make many people lose their money by this manipulation.

[Wijayafajar06 274]

yes the whale is very helpful in the market and helps maintain value at a high cost especially in the price of Bitcoin and tokens, the best whale for the market.

[Badhon420 126]

For sure you can be most suitable lots of the bridal party are contributing present-day silver and gold coins, still, the moment a symbol will get particularly populations and not just experiencing an alternative gold coin, which usually symbols its matters will get well-liked by all of us, still in the beginning ., all the symbol wants to have confidence in silver and gold coins.

[nasipadang 399]

This is a common thing in cryptocurrency that has no control or decentral. whales move the market flow for profit, if we can't stop it because it's back to crypto decentralization

[pakjobhelp 1585]

I agree with your post that when new coins comes to the market and people work and promote these coins and earn these coins as reward this is the promoting reward and those people receiving these coins and move the crypto market as exchange these coins.

[Ms.o 3322]

Whales will be mentioned particularly often when bitcoin prices drop sharply, especially before an explanation for the decline can be determined. True or not, whales are often accused of market manipulation as well.