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Research reveals: 28% of a certain Digital Money's Circulating Supply is concentrated in a single Address, raising market concerns.
Recently, a Crypto Assets rating agency released a research report on the concentration of digital assets. The report pointed out that the concentration issue raised by a well-known entrepreneur regarding a popular digital currency does indeed exist. The study showed that among major Crypto Assets, this digital currency has the highest concentration of holdings.
Data shows that over 28% of the circulation of this digital money is concentrated in a single address, amounting to approximately 36.8 billion coins, valued at about 2.1 billion USD at current market prices. More notably, nearly 50% of the supply is controlled by the top 20 holders.
The research also compared the circulation supply ratio held by the top 50 addresses of various mainstream Crypto Assets:
Analysis indicates that the current situation where large holders own more than 50% of the supply is concerning. This not only increases security risks, making the network more susceptible to 51% attacks, but can also lead to severe price fluctuations. Although large holders currently have no motivation to sell, the mere fact that they possess this ability may hinder new investors from entering the market, including some high-profile tech entrepreneurs.
This research provides valuable market insights for investors, helping them better assess the risks and potential of different crypto assets. However, the cryptocurrency market is ever-changing, and investors must still make cautious decisions, considering all aspects.