One Percent of Crypto Whales Control More Than Half of Total Bitcoin Circulation Supply: Report

  • Alex Dovbnya
    📰 News

    55% of total BTC circulation supply is entirely controlled just by just 1% of elite Bitcoin addresses. These wallets usually boast $1 min balances with more than 200 BTC


One Percent of Crypto Whales Control More Than Half of Total Bitcoin Circulation Supply: Report

According to a new Diar report, 55 percent of the total Bitcoin (BTC) circulation supply is entirely controlled just by just one percent of elite Bitcoin addresses, dubbed “crypto whales.” Another peculiar revelation is that more these wallets usually boast million dollar balances with more than 200 BTC.

The study also says that nearly one-third of these gargantuan Bitcoin holdings have never been sent to other addresses. Apart from ardent Bitcoin hodl'ers, these wallets could also represent the reserves of some exchanges. It is also quite possible that some wallet owners simply cannot restore access to their private keys.
 

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings