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    Analytics Firm Reveals Massive Imbalance in Wealth Distribution Among Ethereum and Dogecoin Holders

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    Analytics Firm Reveals Massive Imbalance in Wealth Distribution Among Ethereum and Dogecoin Holders

    New data from IntoTheBlock suggests there exists a huge imbalance in the distribution of wealth for the Ethereum (ETH) and Dogecoin (DOGE) ecosystems.

    The firm says that about 80% of the supply of both ETH and DOGE are owned by just about 0.01% of the total addresses holding the tokens.

    By comparison, 0.32% of Bitcoin (BTC) addresses own 80% of the BTC supply, according to IntoTheBlock.

    “Ever wondered about the distribution of wealth in different cryptocurrencies? Here’s a snapshot:

    Bitcoin: ~80% owned by 0.32% of addresses, including Satoshi’s wallets.

    Dogecoin: ~80% held by a mere 0.014% of addresses.

    Ethereum: ~80% in the hands of just over 0.01%, closely resembling DOGE’s pattern.

    These stats are important to consider when planning your strategy, especially when dealing with assets that have a smaller market cap and/or liquidity.”

    The firm warns that when just a few addresses have a huge amount of a blockchain project’s tokens those holders can have an outsized influence on that crypto project’s ecosystem.

    IntoTheBlock also looks more closely at the disbursement of Bitcoin across holding wallets.

    “We offer a comprehensive holder composition matrix for all assets listed on our platform. Analyzing the supply concentration is essential in assessing the potential dominance of large holders within a network.”

    Image
    Source: IntoTheBlock/X

    According to the firm’s chart, just four addresses have more than 100,000 Bitcoin in their wallets for a combined 660,000 BTC, worth about $19.3 billion at time of writing. That sum represents about 3.39% of the total BTC supply.

    At the other end of the spectrum, about 52% of total BTC addresses, or about 25.13 million, own up to 0.001 BTC for a total of 5,120 Bitcoin, which have a combined value of $149.3 million and are about 0.03% of the total supply.

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    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney

    The post Analytics Firm Reveals Massive Imbalance in Wealth Distribution Among Ethereum and Dogecoin Holders appeared first on The Daily Hodl.

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