In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This outstanding piece by Matthew Leising published on Bloomberg reveals that “just 376 people hold a third of all Ether.” Read on.
“Just 376 people hold a third of all Ether, the cryptocurrency that powers the Ethereum blockchain, according to new research by Chainalysis Inc.
Large holders are known in the crypto market as “whales,” which Chainalysis defines as individuals who hold their assets in digital wallets and not on an exchange, Kim Grauer, a senior economist at the company, said in an interview. By comparison, 448 people own 20 percent of all Bitcoin, she said.”