Did you know that 6 big owners of ETH hold 22% of all coins? This can be worrying because it means that a small handful of people have great market power.
In the past few days, IntoTheBlock's analytics team has recorded another big owner activity. After all purchases, 22.5% of the market's total coin supply belongs to just 6 addresses with balances over 1 million coins.
These wallets have increased their positions over the past year, nearly doubling the number of coins, while addresses holding between 0.1 and 10 ETH were forced to sell ETH before the start of growth in January 2023.
It is important to ask questions about the distribution of wealth in the cryptocurrency market and whether this will affect long-term investments
Do you have ETH in your wallet and for how long?
#crypto2023 #bearorbull
