Here’s How Much of Each Major Altcoin Is Owned by Whales

[cheezcarls]

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.

[Winscosinally]

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.

Upon all the fear going around in crypto space yet mainstream is taking step bit by bit, this bearish year is full of better crypto news and there is still room for better adoption with the way things are going now, real life crypto stores is adoption, ukraine, croatia, turkey all have physical stores now

[Ararbermas]

Probably they owned around 30 percent because as the matter of fact they cannot make a swing in the growth rate suddenly if they don't have big contribution in it. So for me it's  either30 percent 40 for example.

[mrdeposit]

I prefer to have more information about these addresses. Are exchanges also in this list? if there is, it would not be right to call them "whales".

We all want to be whales. But we are late for the chance these whales got.

[suzanne5223]

No one can know or have the actually information about the altcoin owned by the whales. With that been said, the crypto is certain and not full of doubt as you thought. I believe the major problem people/investors had these days is the act of using old strategies which only work before the previous ATH market.
If you're fear of missing out and dont miss another opportunity invest in already working project now that the market price are low dont invest in new altcoin which you dont know how to select the genuine project.

[tsaroz]

I prefer to have more information about these addresses. Are exchanges also in this list? if there is, it would not be right to call them "whales".

We all want to be whales. But we are late for the chance these whales got.

Most of them are surely exchanges but the holding of Cardano seems troublesome. This also proves bitcoin is one of the most decentralized coin.
This could also be a good news for investors looking for a bull run as whales still believe in those coins. But it's not a good news for overall intention of crypto.

[alyssa85]

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.

Most of these "whales" are actually the cold wallet storage addresses of the major exchanges.

What studies like this overlook is that at the moment people keep more coins in exchanges than they do in their own wallets. Some people even use exchanges as their wallets.

[Obito]

What is certain about this stuff is probably they hold more than 20% of world's total supply of alts or bitcoin. Since they are a big company or huge groups they maybe have alot of sectors or a group tree which shows the connection at every part of each branches which has at least alot of crypto currencies to hold. I am just spitting up an imagery of what I thought of range of total hold of whales that are enough to manipulate a changes in the market.

[Ucy]

Most of the rich addresses are probably owned by exchanges or similar platforms that manage large amounts of cryptocoins for many people.

whales really do own a large portion of the circulating supply of some cryptocurrencies.

This is probably the case with small/unpopular coins. You would expect that as the cryptocoins grow and become popular, the developers "large portions" get dwarfed but this is not really the case.

[ned.ryerson]

I think that basically the largest holders of altcoins are exchange wallets or project teams. Now there are very few individuals who invest a lot of money in weak altcoins

[chaoscoinz]

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.

I think al ot of us know the feeling of missing out durring the time when there was a whole bunch of shit-coins and other clone projects and there were a few really good Blockchain projects starting up back then. I definitely missed out on the first few years of Bitcoin but there was no excuse for me not to invest within Ethreum. I thought It was another gimmick because I didn't understand smart contracts at the time. As a newbie speculator and first time ever investor, I ran in to a lot of trouble trying to understand the white paper, I Had a gut feeling that it would be big, now I've been kicking myself ever since.  

[suryapro]

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.

[Harriti]

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.

in fact those good alts are not a scam but because our crypto market has no rules and no one stands out to protect the market from manipulation so those who have a lot of money will want to hold lots of coins than for later manipulation. This is a common story in markets where there is no law and small traders like us are under pressure and worried about pushing or dumping the prices of the whales. I really don't like this and hopefully in the future, the crypto market will be protected by the SEC and the wallet accounts must be clearly publicized to avoid this manipulation forever.

[timmmers]

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.

[Pecunia non olet]

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. 

[el kaka22]

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.

[masterrex]

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.

[mu_enrico]

Read it carefully guys, do you know the difference between ETH and the rest of the coins? Yes, ETH has massive premine from ICO.

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.

[crazy-pilot]

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.

[waitforme]

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.