$XVG Verge (XVG) has about 16.5 billion coins in circulation, but they are not owned by one person or the Verge team. XVG had no ICO or premine; coins entered circulation primarily through Proof-of-Work mining. The largest wallets are highly concentrated—the top 10 addresses reportedly hold around 5.3 billion XVG (~33%)—but wallet addresses can belong to exchanges, custodians, mining pools, or individual whales, so we cannot assume one person controls that amount.
For investment purposes, the important question is who controls the largest wallets. The Verge team says it does not hold a significant special allocation, which is positive, but a single address reportedly contains around 1.79 billion XVG (~11%), making wallet ownership an important risk to investigate. Until those addresses are identified, I would treat whale concentration as an uncertain but significant risk, rather than assuming the coins belong to a single whale.
For investment purposes, the important question is who controls the largest wallets. The Verge team says it does not hold a significant special allocation, which is positive, but a single address reportedly contains around 1.79 billion XVG (~11%), making wallet ownership an important risk to investigate. Until those addresses are identified, I would treat whale concentration as an uncertain but significant risk, rather than assuming the coins belong to a single whale.