376 Whales Control 33% of Ethereum Circulating Supply

[sirty143]

A recent report has just made it known that at least 33% of all Ether available, is owned by only about 376 whales. Even though the amount of Ether being owned by these individuals used to be 47% of total circulation in 2016, 376 is still a considerably small number of people.

See more for yourself here. What is your opinion about this news article? Let's discuss.

[Munareal]

There will always be whales in the crypto space. Big guys that have an impact on cryptocurrencies. Looks like the number has fallen from 47% to 33%. This is an indication that there will be a time that they will lose their grip to control Ether.  I hate it when the future of cryptocurrencies depends on a few rich guys who can make or mar a coin.

[IyemRoker]

Whale problems or who is the owner who has a lot of Ethereum please and that is their right to get more Ethereum.
Asla do not throw the price of Ethereum to the lowest price as below the price of 100 USD because the price is not very good for the price of Ethereum.

[Zed0X]

Nothing to worry about. They cannot keep those Eths for eternity. They will have to sell sooner or later and put it back to circulation. It's interesting to note though that Ethereum will be switching to POS, they might hold on to it for a long time.   

[trauchot]

Well, how else, the big players, as usual, must constantly deal with the ethereum's manipulation in order to constantly influence the price and adjust the appropriate price just for themselves and not for others for better profit.

[jet]

That's pretty big holdings. Enough to influence market movement.. These whales could easily pump the price using that holding. We must always keep an eye to them so we could ride to their action.

[Zed0X]

That's pretty big holdings. Enough to influence market movement.. These whales could easily pump the price using that holding.

There is that possibility but that will only happen if they work together as a group which I doubt they are. There will always be a counter-trader at some point.

[pelana vreo]

What about unlimited ether supply?
I think the price of ethereum can be easily controlled if they want to trade with high order quantities, but the amount of ethereum inventory is uncertain and every month is always increasing, so there is nothing to worry about.

[sampoerna]

I don't really know whether this is good news or bad news. I think whales are always there in the crypto market and very difficult to be avoided their influences. But I am curious about what the 376 whales will do right now. With the price of Ethereum increases, will they dump it to decrease again like the current few days?