The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses

1 year ago 296

Quick Take

The top 1% of addresses hold roughly 99% of the total supply of BUSD. A similar pattern occurred with the FTT token that was issued by FTX, where the top 1% holds 99% of the supply. Recent scrutiny comes after CFTC filing a lawsuit against Binance. Roughly $14 billion of BUSD has left exchanges since November 2022 — leading to BUSD trading volume dropping to the lowest it has been in eight months.  Glassnode)BUSD Addresses: (Source: Glassnode)  Glassnode)FTX Token: (Source: Glassnode)

 

 Glassnode)BUSD: (Source: Glassnode)

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