WHICH OF THE CRYPTOCURRENCY WHALES HOLDS THE MOST ALTCOINS

Which Altcoins Do Whales Control The Most? Here Are The Results
Kriptokoin.com -a recent study shows that unlike other large cryptocurrencies such as Litecoin (LTC), bitcoin's (BTC) wealth is now more evenly distributed. So which altcoins do whales control more?

Are the crypto whales under control? Here's the wealth distribution of Bitcoin, Ethereum, Litecoin and Bitcoin Cash, according to new research
Bitcoin's total wealth distribution has improved significantly compared to last year, according to research published by Clovr, which examined transactions with widely used digital currencies in November 2019. But the report reveals that the biggest altcoins in terms of market capitalisation are increasingly controlled by whales. Bitcoin's Gini coefficient, a statistical measure of wealth distribution, fell from 0.66 to 0.64 in 2019.

Meanwhile, Bitcoin Cash's (BCH) Gini coefficient rose from 0.73 to 0.75, while Ether's (ETH) rose from 0.69 to 0.78. Litecoin remained at the top of the list with 0.83. Crypto whales will need to control at least 4,545 of the largest existing bitcoin wallets to keep half of the leading cryptocurrency's supply in circulation, the report says. To control most of the Ether supply, a small group of users would need to have the ETH stored in only 322 purses.

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Wealth inequality is even more severe for big ERC-20 altcoins, according to research
To have most of the circulating supply of Bitcoin Cash, crypto whales need to control just 1,109 wallets. Most of Litecoin's (LTC) supply can only be controlled by holding the keys of 189 purses. Clovr says it analyzes the top 10,000 wallet addresses for each digital currency and excludes large stock market wallets. Wealth inequality was even more severe for large ERC-20 altcoins, according to the study.

For example, Huobi Pool Token (HPT), the local cryptocurrency of Huobi's mine pool, has a Gini coefficient of 0.99 of outstanding tokens, 70% of which belong to a single wallet. In general, tokens with relatively smaller market value have more serious wealth inequality problems. The researchers made the following statement on the subject::

IF CENTRAL WEALTH WORRIES YOU AS A CRYPTOCURRENCY INVESTOR, IT CAN HELP YOU AVOID BUYING CRYPTOCURRENCIES WITH A MARKET VALUE OF LESS THAN $ 100 MILLION.

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You can check the full report here.