Whales Control 72% Of Crypto’s Largest Coins

Published by
ValueWalk

As the number of crypto investors goes up, the available supply goes down. And ‘Whales’, or investors that own 1% or more of the total supply of a particular currency, play a massive role in influencing a coin’s value – as smaller investors track whales’ investments as a gage for price changes to their own crypto portfolios. So which cryptocurrencies do whales have the biggest influence over? They found that: 36 of the 50 largest cryptocurrencies (72%) have more than half their stock controlled by whales.98.95% of stock in UNUS SED LEO (#LEO) is owned by whales — the most whale-dominant coin o…

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