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From CoinMarketCap Top 10 Holders: 56.6% Top 20 Holders: 67.05% Top 50 Holders: 82.17% So it looks like a few people can make huge decisions to sw

by bb88 4y ago

From CoinMarketCap Top 10 Holders: 56.6% Top 20 Holders: 67.05% Top 50 Holders: 82.17% So it looks like a few people can make huge decisions to swing $UST. Then you hope the algorithm either catches up or there's enough greater fools to buy in.

rottencupcakes 4y ago
Luna's even worse: https://coinmarketcap.com/currencies/terra-luna/holders/ https://coinmarketcap.com/currencies/terra-luna/holders/ It claims the top 10 holders hold 95.89%. Is this data correct? If so it barely seems like these are real projects, just made up things by a handful of people moving fake money around to create big numbers.
- solumos 4y ago
  It's not correct, it's only the data on the Ethereum blockchain (Terra is on its own blockchain).
- dodgerdan 4y ago
  The definition of Web 3. Wash trading is the backbone of this entire thing.
solumos 4y ago
Looking through the "top addresses" - these are mostly smart contracts on Ethereum