Cryptocurrencies
Just 376 People Found to Own a Third of All Ether Cryptocurrency
- New study says so-called whales don’t move Ether prices much
- Bitcoin price found to be good indicator of where Ether trades
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Just 376 people hold a third of all Ether, the cryptocurrency that powers the Ethereum blockchain, according to new research by Chainalysis Inc.
Large holders are known in the crypto market as “whales,” which Chainalysis defines as individuals who hold their assets in digital wallets and not on an exchange, Kim Grauer, a senior economist at the company, said in an interview. By comparison, 448 people own 20 percent of all Bitcoin, she said.