$RAVE surged over 6,000% in a month, hitting $14 from $0.25. On-chain data shows top 3 wallets control ~90% of supply, with only 24% circulating. Suspicious token movements ahead of the rally suggest a potential 'pump and squeeze' scheme.
This article analyzes the large holder concentration of Bitcoin, Ethereum, BNB, Cardano, XRP, Solana, and key stablecoins using on-chain data, revealing whale dominance and market risks.
Ripple's RLUSD stablecoin has reached a circulating supply of 312 million tokens, yet its distribution remains extremely concentrated. The top 10 wallets control roughly 70% of the total supply, raising concerns about centralization and market stability.
Ripple's RLUSD stablecoin has surpassed 312 million tokens in circulation, yet the distribution remains highly concentrated: just 10 wallets control nearly 70% of all RLUSD. Ethereum holds 78% of supply, with the top 10 addresses dominating 89% on that chain.
Binance Research's latest report notes that the CBOE Dispersion Index hit its third highest level in history, revealing extreme concentration in US stocks that has marginalized Bitcoin and other crypto assets.
