Top 50 LINK Wallets Hold 51.9% of Supply, but Exchange and Staking Addresses Skew the Picture
- —Top 50 LINK addresses hold 51.9% of supply; top 10 hold 31.4%
- —A Binance hot wallet holds roughly 4.2% of LINK supply
- —Chainlink's v0.2 community staking pool holds 40.875 million LINK
- —Two Binance wallets together account for about 6.5% of supply
Why it matters: Wallet concentration is not the same as investor concentration: without separating exchanges, staking contracts and reserves, estimates of LINK selling pressure are misleading.
Source: Coinpaper