The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses

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Quick Take

  • The top 1% of address­es hold rough­ly 99% of the total sup­ply of BUSD.
  • A sim­i­lar pat­tern occurred with the FTT token that was issued by FTX, where the top 1% holds 99% of the supply.
  • Recent scruti­ny comes after CFTC fil­ing a law­suit against Binance.
  • Rough­ly $14 bil­lion of BUSD has left exchanges since Novem­ber 2022 — lead­ing to BUSD trad­ing vol­ume drop­ping to the low­est it has been in eight months.
BUSD Addresses: (Source: Glassnode)
BUSD Address­es: (Source: Glassnode)
FTX Token: (Source: Glassnode)
FTX Token: (Source: Glassnode)

 

BUSD: (Source: Glassnode)
BUSD: (Source: Glassnode)

The post The extreme con­cen­tra­tion of BUSD: 99% of sup­ply owned by just 1% of address­es appeared first on Cryp­toSlate.

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