Whales Still Control Leading Coins, Most Tokens

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 (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 (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 …

This article appeared first on Cryptovest

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