guys checked top holders on $ZETA and this is one of the cleaner ones I have seen 👀
71.4% of total supply sits in a burn address that is permanently gone from circulation not a whale not a team wallet just removed forever
after that ZetaChain's own connector contract holds 10% which is protocol infrastructure not a tradeable position
the rest is spread across individual wallets in the low single digits plus normal exchange wallets Coinbase Bithumb BitGo Bitkub Gate none of them holding more than about 1%
this is what a healthy distribution actually looks like real float is small once you remove the burned supply and nobody outside the protocol itself is sitting on a dominant stack
good reminder that top holder percentage alone means nothing until you check what each wallet actually is
anyone else checking burn percentages before judging a token's holder concentration 👀
71.4% of total supply sits in a burn address that is permanently gone from circulation not a whale not a team wallet just removed forever
after that ZetaChain's own connector contract holds 10% which is protocol infrastructure not a tradeable position
the rest is spread across individual wallets in the low single digits plus normal exchange wallets Coinbase Bithumb BitGo Bitkub Gate none of them holding more than about 1%
this is what a healthy distribution actually looks like real float is small once you remove the burned supply and nobody outside the protocol itself is sitting on a dominant stack
good reminder that top holder percentage alone means nothing until you check what each wallet actually is
anyone else checking burn percentages before judging a token's holder concentration 👀
