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Thursday, May 16, 2019

Top Heavy Ethereum: Just 376 Whales Own 33% of All Ether, Valued $9 Billion

By: Wes Messamore

A recent study by Chainalysis Inc. found that just 376 people in the world own one third of all the Ether cryptocurrency there is. For comparison the company says 448 people own 20 percent of all Bitcoin.

The study also looked at the effect that cryptocurrency “whales,” with out-sized stakes in the limited supply of highly sought after coins, have on Ether prices. They found the effect of whales on Ether’s price is minimal.

Read more at CCN.

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