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

In the previous ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now value $1.2 trillion. Within this realm, enigmatic figures generally known as crypto whales have performed a pivotal position within the distribution, buying and selling, and accumulation of cash throughout numerous tasks. This research delves into the ten most dear crypto property based mostly on market valuation, shedding mild on the extent of their distribution and ‘wealthy checklist’ evolution all through the years by analyzing their prosperous lists of holders.

Examining the Top 10 Cryptocurrencies’ Wealth Distribution

Since its inception in January 2009, bitcoin (BTC) has traversed a exceptional journey, present process substantial distribution over the course of the previous 14 years. This investigation goals to discover the intriguing panorama of the so-called ‘BTC wealthy checklist,’ whereas concurrently analyzing the wealthy lists tethered to the highest ten crypto property in June 2023.

By delving into this evaluation, we are able to gauge the sheer magnitude of holdings possessed by probably the most vital crypto holders within the current day. To verify the distribution ranges of the highest crypto tasks featured on cryptocurrency market cap aggregation websites, the wealthy checklist statistics offered by the online portal coincarp.com have been utilized.

Bitcoin

According to present statistics on June 22, 2023, the variety of distinctive addresses holding BTC right this moment is roughly 48,304,381. Among these addresses, the highest 10 wallets possess 5.32% of the full provide. The prime 50 bitcoin holders management 10.68% of the provision, whereas the highest 100 personal 13.50% of BTC’s circulating provide. Furthermore, three of the highest 10 BTC addresses are designated as exchange-operated wallets.

Ethereum

The second-largest cryptocurrency by market capitalization right this moment is ethereum (ETH), in response to coincarp.com statistics. On June 22, there have been 235,690,415 holders of ETH. Among the 235 million distinctive addresses holding ether, the highest 10 wallets management 31.15% of the ETH provide. The prime 50 wallets account for 38.92%, whereas the highest 100 addresses maintain 44.34% of ETH’s provide. In distinction to BTC, 9 out of the highest 10 ether wallets are labeled as alternate wallets.

Tether

Tether (USDT) holds the place of the third-largest cryptocurrency asset by way of market capitalization, and it’s issued on a number of blockchains. However, this analysis solely considers USDT minted on Ethereum. As of June 22, there are 4,369,987 wallets based mostly on ETH that maintain USDT. Among them, the highest 10 holders account for 18.56% of the circulating USDT, whereas the highest 50 holders personal 35.87% of the provision. Tether’s prime 100 wallets make up 42.74% of the USDT based mostly on the ERC20 normal. It is value noting that each pockets within the prime 10 wealthy checklist for ERC20-based USDT is labeled as an alternate deal with.

BNB

Similarly, BNB has wealthy lists on each Ethereum and the BNB chain, and this research depends on the ERC20 wealthy checklist for BNB’s provide. Approximately 281,987 holders possess BNB, and the highest 10 wallets management 47.61% of the provision. The prime 50 BNB wallets account for 64.91% of the provision, whereas the highest 100 wallets signify 70.95%. Only two wallets out of the highest 10 BNB addresses are labeled as alternate wallets. For extra reference, a fast look on the BNB chain stats reveals 2,650,397 BNB holders; nonetheless, the highest 10 wallets on that chain possess 97.25% of the provision.

USDC

Once once more, usd coin (USDC) is a coin that’s minted on a number of blockchains, however the analysis carried out on this research focuses on ERC20-based statistics. There are 1,648,279 recognized addresses that maintain USDC, and the highest 10 wallets management 16.09% of the provision based mostly on the ERC20 normal. The prime 50 addresses possess 33.05% of USDC’s provide, whereas the highest 100 addresses account for 41.79%. Among the highest 10 USDC wallets, eight are labeled as both centralized or decentralized alternate platforms.

XRP

XRP boasts a complete of 4,661,405 holders, with the highest 10 wallets controlling roughly 10.8% of the coin’s provide. Additionally, the highest 50 XRP wallets account for 16.08% of the full provide, whereas the highest 100 wallets maintain round 32.9%. Notably, three out of the highest 10 wallets are held by cryptocurrency exchanges.

OKB

Moving on to OKB, it at the moment has 50,814 holders. Among these, the highest 10 wallets command 22.26% of the token’s provide. Furthermore, the highest 50 OKB holders personal 22.66% of the full provide, whereas the highest 100 holders account for 23.16%. It is value mentioning that three out of the highest 10 OKB wallets are labeled as alternate addresses.

ADA

Cardano (ADA) at the moment has 3,577,963 distinctive addresses holding ADA. Among them, the highest 10 wallets maintain 9.38% of the provision, whereas the highest 50 ADA wallets command 15.57%. Additionally, the highest 100 wallets maintain 20.61% of ADA’s provide as of June 22. Notably, not one of the prime 10 ADA wallets are labeled as alternate platforms, in response to coincarp.com metrics.

DOGE

Dogecoin (DOGE) boasts 5,406,500 holders. The prime 10 wallets command a good portion of the DOGE provide, accounting for 46.11%. Furthermore, the highest 50 DOGE addresses maintain 60.87% of the provision, whereas the highest 100 wallets preserve 66.29% of the full provide.

SOL

Lastly, the solana (SOL) wealthy checklist reveals that 9,154,449 addresses maintain SOL at the moment. Among them, the highest 10 wallets possess 10.39% of the provision. Additionally, the highest 50 SOL wallets at the moment maintain 24.88% of the full provide, whereas the highest 100 wallets command 32.69% of all of the SOL in circulation. It is value noting that coincarp.com’s metrics don’t show exchange-labeled wallets for each DOGE and SOL wealthy checklist information.

Out of the highest 10 cash on the wealthy checklist, probably the most evenly distributed ones are BTC, ADA, XRP, and SOL. These 4 cryptocurrencies exhibit the bottom focus of provide within the arms of prime wallets, suggesting a comparatively honest distribution in comparison with the opposite cash on the checklist.

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