Here’s How Much of Each Major Altcoin Is Owned by Whales
Here is how much of Monero is owned by whales https://moneroblocks.info/richlist
Topic: Here’s How Much of Each Major Altcoin Is Owned by Whales (Read 273 times)
Here is how much of Monero is owned by whales https://moneroblocks.info/richlist
Crypto market is very much different than what it was back in the days so if there is some tokens right now that you wanna invest, think of the times when ETH is very much like of a seed that is just about to grow. There are plenty of these projects which its price is less than $3.
If you can accumulate of them up to 5k while in the future the price is about $150, its still a huge profit for you. So what if its not just 5k that you can get today?
Thank for your value information, and according to this statistic LTC and USDT is more centralized than other coins, that's why we saw many waves of LTC this year. Currently the market is very different from before, good projects we have very few opportunities to be able to buy it at a cheap price. So owning such a large amount of coins is not easy at all.
Currently, the market is about to accumulate. Don't be surprised why the current market keeps falling. If it continues to decline, who bought those altcoins? That's whales, the accumulation of altcoin takes several months and longer. They seek to buy at the best price. They had planned it in advance. Different from previous years. They can buy ICOs for tens of millions of dollars and they can pump and dump them but currently they cannot own altcoins in such a large amount. so must sink in price and buy.
95 percent of the whole market are shitcoins without any value, you are right. At the same point, people are making huge money by speculating on those tokens and whales, are holding the biggest part of the market and earning all the time on investors like us.
This is one reason why bitcoin or other cryptocurrencies are difficult to become a currency of the future. The majority of btc is held by a small number of people, who are able to decide the fate of the market.
They manipulate most of the market and make money from new market participants. Even those who have been in the market for a long time but have little money still lose. This game is for the strong and the money. It would be great if countries joined in to promote fairness in the crypto market but they have gone behind the whales so they chose to ban bitcoin and the currencies they don't own much. They will find a way to create their own bitcoin to balance the fish. 
maybe this is the game of the whales so as to provoke speculation of the small traders. there only mention the number of addresses without displaying the actual address. Until now I saw the movement of some of these coins is still normal when compared to other coins. No wonder if we think there are several holders of coins, then that person can set and manipulate prices in the market.
This is one reason why bitcoin or other cryptocurrencies are difficult to become a currency of the future. The majority of btc is held by a small number of people, who are able to decide the fate of the market.
Although these sorts of numbers are useful in regard to decentralization (or lack thereof), it gets tricky when we say such and such coin is owned by whales by a certain percentage. Unless somehow they can differentiate between exchanges and holders, there isn't an easy way to know how many addresses own exactly how many coins. Sometimes a couple of big exchanges will hold an inordinate amount of a coin (especially for smaller alts). But that doesn't mean it's just one giant whale, could be hundreds or thousands of smaller holders who just idiotically keep their coin sitting in an exchange.
Among these crypto whales there are a lot of those who respect this market and they will never play dirty. However, the presence of these whales on the market is a big risk for ordinary traders.
Exactly so, they hold for a long time normal traders trading for short-term profits and they do not have the patience to make the most optimal profit. I saw a Poloniex user account in May 2017 bought an amount of XLM equivalent to the exchange rate of about 1000BTC at the time. And later that year XLM took off alongside Bitcoin. If you pay attention and follow the way of the whales with the same patience, you definitely won't lose.We can say that whales are one of the big supporter of crypto but due to the large portion of the coin they hold, they have the power to manipulate the market especially if those whales will coordiante with each other but the fact is they will not let the crypto market goes to zero because they gain profit from it and a huge amount of their money is at stake.
Among these crypto whales there are a lot of those who respect this market and they will never play dirty. However, the presence of these whales on the market is a big risk for ordinary traders.
Exactly so, they hold for a long time normal traders trading for short-term profits and they do not have the patience to make the most optimal profit. I saw a Poloniex user account in May 2017 bought an amount of XLM equivalent to the exchange rate of about 1000BTC at the time. And later that year XLM took off alongside Bitcoin. If you pay attention and follow the way of the whales with the same patience, you definitely won't lose. 
Among these crypto whales there are a lot of those who respect this market and they will never play dirty. However, the presence of these whales on the market is a big risk for ordinary traders.
Read it carefully guys, do you know the difference between ETH and the rest of the coins? Yes, ETH has massive premine from ICO.
The above calculation slightly produces different results if applied today. At the moment, the circulating supply is ~109 million ETH.
Quote
When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch.
Source: https://www.cryptoglobe.com/latest/2018/10/vitalik-buterin-under-fire-over-ethereums-premine/The above calculation slightly produces different results if applied today. At the moment, the circulating supply is ~109 million ETH.
I think its just normal since whales are invested there money into it. just like in a traditional businesses large capitalist can acquired a large shares of any company or corporation through IPO or at any means, I think cryptocurrency is not exempted with these kind of set up they have a money to invest, that's why they have a capacity to acquire and hold a massive portion of any cryptocurrency in the market. i cant see any wrong with that and its not illegal.
I respect the journalist effort to put forward a centralization issue and there are shocking results that is even bad as it is without any correction.
Yet, I would like to remind everyone that people could have 100+ different addresses each with equal or uneven number of coins that one guy owns which means we may never know the whales.
Definitely this shows the results of what we know right now and address (which I assume exchanges play a big role) but in the end there could be even more which is scary, this news was to show how much of it was owned, what I am saying is that situation is even worse. I was expecting most of them but really didn't see the ethereum one coming, I thought that was a huge one that people all bought and used for the utility of it and all.
Yet, I would like to remind everyone that people could have 100+ different addresses each with equal or uneven number of coins that one guy owns which means we may never know the whales.
Definitely this shows the results of what we know right now and address (which I assume exchanges play a big role) but in the end there could be even more which is scary, this news was to show how much of it was owned, what I am saying is that situation is even worse. I was expecting most of them but really didn't see the ethereum one coming, I thought that was a huge one that people all bought and used for the utility of it and all.
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And I hope that you understand that the situation is much worse because the article is talking about addresses and not about users, so technically it is very likely that number of whales will be much lower.
It is scary when you think about it.
It is scary when you think about it.
I am little bit surprised about the result of Cardano decentralization. If this statement is true: "Cardano (ADA)—41 addresses own 39% of the supply" - how can Charles Hoskinson claim that Cardano will be more decentralized than Bitcoin? (Source: https://cryptoslate.com/iohk-charles-hoskinson-future-cardano/).
This is the reality between words and facts. We all believe that altcoins are decentralized, but the fact is that they are not.
This is the reality between words and facts. We all believe that altcoins are decentralized, but the fact is that they are not.
IntoTheBlock has documented what percent of each cryptocurrency is held in the richest addresses. What they found shouldn’t surprise anyone.
It’s difficult to assess the extent of inequality within cryptocurrency ecosystems. After all, they could be exchanges or custodial groups—but, in some cases, a few whales really do own a large portion of the circulating supply of some cryptocurrencies.
Here is the source link for the full news
I know the feeling of “Fear of Missing Out” during the time that Ethereum and the others are still cheap back then. Although I knew about Bitcoin last 2014, but I didn’t take it seriously and not investing a single dime there. Same thing goes to Ethereum, Cardano, Bitcoin Cash and the others.
I really wanted to be a “whale”, but the entire crypto market is now in uncertainty and doubt, as most of the tokens were totally “shitcoins” and ended up as “exit scam” or getting abandoned by the founding team. Only a handful right now might be worth holding, but no guarantees that they will have the same kind of “wave” as Bitcoin, Ethereum and the others when they’re still in the early stages.
Feelings of fear and worry are common if we want to invest in a project. but to reduce your doubts, please invest in coins that already have a sale value, and a fairly stable price, for example Bitcoin and Ethereum maybe.
IntoTheBlock has documented what percent of each cryptocurrency is held in the richest addresses. What they found shouldn’t surprise anyone.
It’s difficult to assess the extent of inequality within cryptocurrency ecosystems. After all, they could be exchanges or custodial groups—but, in some cases, a few whales really do own a large portion of the circulating supply of some cryptocurrencies.
Here is the source link for the full news
I know the feeling of “Fear of Missing Out” during the time that Ethereum and the others are still cheap back then. Although I knew about Bitcoin last 2014, but I didn’t take it seriously and not investing a single dime there. Same thing goes to Ethereum, Cardano, Bitcoin Cash and the others.
I really wanted to be a “whale”, but the entire crypto market is now in uncertainty and doubt, as most of the tokens were totally “shitcoins” and ended up as “exit scam” or getting abandoned by the founding team. Only a handful right now might be worth holding, but no guarantees that they will have the same kind of “wave” as Bitcoin, Ethereum and the others when they’re still in the early stages.
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