The (terrifying) % of Totaly Supply of Cryptocurrencies Currently Owned by the Top 1

[Dato]

The (terrifying) % of Totaly Supply of Cryptocurrencies Currently Owned by the Top 1

<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/qetjrx/the_terrifying_of_totaly_supply_of/"> <img src="https://external-preview.redd.it/hkxdsEoJFTvWp-oeq0_pZTMaqEm3hCXFhkCu-meRQ9o.jpg?width=216&amp;crop=smart&amp;auto=webp&amp;s=698f900c47c95b99b962c12c80ff4b226e40c6a1" alt="The (terrifying) % of Totaly Supply of Cryptocurrencies Currently Owned by the Top 100 Addresses...Do you know what (who) you're investing in?" title="The (terrifying) % of Totaly Supply of Cryptocurrencies Currently Owned by the Top 100 Addresses...Do you know what (who) you're investing in?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Like many, when I got into crypto many years ago, I was personally attracted to the idea of a decentralized network, which isn't owned by an elite few, or some middle-man.</p> <p>Today, it seems the average newcomer has little to no interest in this principle. Moreover, I find it interesting that many who've even been interested/invested in cryptocurrency, continue to show minimal interest in some core principles of economics, such as: Market capitalization, 'Tokenomics', reading a whitepaper, trading/investment principals....and possibly most disturbingly <strong>Distribution of Tokens (wealth)!</strong></p> <p>Imagine for a moment a small elite group of 100 people, in control of assets used by millions. Able to manipulate the market at will, and cash in on their centralized game at any time...Its a scary fate to imagine, especially if you're one of those players in their game.</p> <p>The truth is that this isn't imaginary....it's quite literally what the current cyrpto market looks like...</p> <p>Enter, <strong>Shiba Inu....Where 82.14%</strong> of all tokens are owned by just 100 people!</p> <p>Or even worse <strong>Binance...Where 98.8% of USD coin</strong> and <strong>95.57% of Binance Coin</strong> is owned by the Top 100 holders.</p> <p>I know what you're thinking...another post shaming SHIBA, blah, blah, blah....Well, you're right. But, they're not alone. Let's take a look at some of the other most popular crypto currencies, and how they match up (w. sources):</p> <p><strong>% of total supply of currency owned by Top 100 holders:</strong></p> <ul> <li>Binance USD = <strong>98.8%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/shibainu/richlist/">^{https://www.coincarp.com/currencies/binanceusd/richlist/}</a>)</li> <li>Binance Coin = <strong>95.57%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/binance-coin/richlist/">^{https://www.coincarp.com/currencies/binance-coin/richlist/}</a>)</li> <li>SHIB = <strong>82.14%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/shibainu/richlist/">^{https://www.coincarp.com/currencies/shibainu/richlist/}</a>)</li> <li>Ripple = <strong>80.52%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/ripple/richlist/">^{https://www.coincarp.com/currencies/ripple/richlist/}</a>)</li> <li>Dogecoin = <strong>76.33%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/dogecoin/richlist/">^{https://www.coincarp.com/currencies/dogecoin/richlist/}</a>)</li> <li>Polkadot = <strong>67.25%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/polkadot100/richlist/">^{https://www.coincarp.com/currencies/polkadot100/richlist/}</a>)</li> <li>USD Coin = <strong>62.16%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/usdc/richlist/">^{https://www.coincarp.com/currencies/usdc/richlist/}</a>)</li> <li>Tether = <strong>41.34%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/tether/richlist/">^{https://www.coincarp.com/currencies/tether/richlist/}</a>)</li> <li>Ethereum = <strong>38.8%</strong> ^(source: <a href="https://www.coincarp.com/currencies/ethereum/richlist/">^{https://www.coincarp.com/currencies/ethereum/richlist/}</a>)</li> <li>Litecoin = <strong>37.82%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/shibainu/richlist/">^{https://www.coincarp.com/currencies/litecoin/richlist/}</a>)</li> <li>Bitcoin Cash = <strong>28.4%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/shibainu/richlist/">^{https://www.coincarp.com/currencies/bitcoin-cash/richlist/}</a>)</li> <li>Cardano = <strong>21.77%</strong> ^(Source: <a href="https://www.coincarp.com/currencies/cardano/richlist/">^{https://www.coincarp.com/currencies/cardano/richlist/}</a>)</li> <li>Bitcoin = <strong>14.65%</strong> ^(source: <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html">^{https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html}</a>)</li> </ul> <p>&#x200B;</p> <p>For my fellow visual learners, I made this graph to help illustrate what this looks like:</p> <p>&#x200B;</p> <p><a href="https://preview.redd.it/dmwc7jyhsev71.png?width=2102&amp;format=png&amp;auto=webp&amp;s=6bc0d213aed9cd654a9ea48aa99fccfc3f092f85">% of Total Supply Currently Owned by The Top 100 Richest Address Only</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BradlyL"> /u/BradlyL </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qetjrx/the_terrifying_of_totaly_supply_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qetjrx/the_terrifying_of_totaly_supply_of/">[comments]</a></span> </td></tr></table>Kind Regards R