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

[jets567]

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.

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[poornamelessme]

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.

[tranduong123]

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.

[marcous]

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.

[waitforme]

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.

[dcomomal]

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.

[ilovealtcoins]

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.

[wywoc]

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.

[enhu]

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?

[Febo]

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