A third of the world's ether is owned by just 376 people, according to Chainalysis research published on May 15.
Despite controlling a large portion of ETH's circulating supply, the study found these "Whales" are responsible for just 7% of all transaction activity.
Chainalysis concluded that while these individuals don't necessarily have a meaningful impact on ETH's price, they do contribute to market volatility when big sell-offs are made.
These figures could be seen as an improvement compared with 2016, when whales owned 47% of ETH's circulating supply.
According to the team's report, about 60% of whales hold their assets and do not regularly trade with exchanges.
"On average, a 1% increase in bitcoin prices yesterday leads to a 1.1% increase in ether prices today."
"We cannot rule out the possibility that whales can impact price changes within single days based on outlier events."
Last month, the company's research revealed that at least 95% of crypto crimes investigated by law enforcement involve BTC.Chainalysis also recently expanded its real-time transaction monitoring tools to cover 10 cryptocurrencies in response to demand from law enforcement agencies.
Just 376 People Own 33% of the World's Ether, Chainalysis Report Says
Publicado en May 16, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.