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Crypto Whales Own Almost Half of Tokens From Biggest Ever ICO
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Crypto Whales Own Almost Half of Tokens From Biggest Ever ICO

Should we be wary of the EOS Whales???

The top 10 holders of the digital tokens from the largest initial coin offering ever own nearly 50 percent of the coins, according to tracking service Etherscan. Block.one, the private company behind the project that completed the more than $4 billion offering last week, is the biggest holder, with 10 percent of the total. The names of the other large holders are anonymous and could be individuals or even exchanges.

Often called whales, large owners can hold much sway over the coin’s price. Any potential coordinated moves could put smaller investors at a disadvantage. During its almost year-long ICO, the price of EOS Tokens have rallied about 13-fold, and now has a market capitalization of about $12 billion, according to CoinMarketCap.

Read the source article at Bloomberg

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