Insiders have about 25% not 85%, having 85% of a coin is like having a restaurant with 50 tables and not letting anyone eat at 40 because I want to eat at all of those 40 tables. The formula for insiders on crypto is not to own a majority, not to sell early and wait a long time to even think if selling any coin. The only way a coin is valuable is when many people hold it, so that 85% theory is wrong. Yes many top heavy wallets, and that is because people have accumulated and you can tell, alot of money came in and is coming in. Its a natural effect of a rising coin when its still cheap, to where large money comes in and starts to accumulate ahead of a major move. This also is a good indicator that holders with a lot ar note selling. This means that the actual available supply in circulation is less. So dont let that wallet screen distort the situation and that is, that the top blocks are in cold storage and wont see the market for years. There is no more coin except for one season of the sports and will be sold via sports game. After this season, the game will need to go to the exchange like all other platforms.
Dev
Seriously? Who are you fooling here?
https://image.ibb.co/drC7ba/nlc2.jpg
This is their richlist where you can clearly see that the top 25 wallets hold 85% of the coins. Yes 85%, and some of these wallets are from the same people as well. There is also a group of people who bought almost all of the coins at 20-30 satoshis privately from the owner and that Dan guy, and are now shilling this coin together. What do you think will happen when they start to sell? The prices will crush in minutes with this ratio. I feel sorry for the people that are buying in now, you will get dumped on so hard and fast when it happens...
