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Why are whale holdings 1.25%?
CoinMarketCap have “Whale holdings” at 1.25%. Anyone able to explain how to calculate that %? It can’t be % of addresses, since there are several hundred million, whether you consider only non-empty or not. Also, it cannot be % of Bitcoin held by whales, since the definition they give for a whale is having 1% or more of supply (could only be 1 whale in this case, yet we know of multiple entities with 1% or more). submitted by /u/Dramatic-Battle-9737 [link] [comments]
| | CoinMarketCap have “Whale holdings” at 1.25%. Anyone able to explain how to calculate that %? It can’t be % of addresses, since there are several hundred million, whether you consider only non-empty or not. Also, it cannot be % of Bitcoin held by whales, since the definition they give for a whale is having 1% or more of supply (could only be 1 whale in this case, yet we know of multiple entities with 1% or more). [link] [comments] |
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