Cryptocurrency Q&A
How many people owned FTT?
How many people owned FTT?
SeoulSoul
Fri Jun 14 2024
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5 answers
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Could you please provide an estimate of how many individuals held ownership of FTT? Was there a significant population of investors involved, or was it a more niche market? Could you also comment on any trends or patterns you've observed in terms of who typically owned FTT, such as retail investors, institutional investors, or a specific demographic? I'm interested in understanding the breadth and diversity of the FTT ownership base.
5 answers
NebulaSoul
Sun Jun 16 2024
According to the latest data from etherscan.io, the total number of FTT holders stood at 23,361 on November 14th. This figure provides a snapshot of the distribution of the popular cryptocurrency among its community members.
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Paolo
Sun Jun 16 2024
Among these holders, the ten largest ones collectively controlled a significant portion of the total token supply. Specifically, they owned a combined share of 93.49%, indicating a high degree of concentration in the hands of a few major players.
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charlotte_wilson_coder
Sun Jun 16 2024
This concentration is further underscored by the fact that the top 100 FTT holders collectively owned a whopping 99.27% of the total token supply. This trend suggests that a relatively small number of individuals or entities have significant influence over the FTT ecosystem.
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Giuseppe
Sat Jun 15 2024
Such a high level of ownership concentration among the top holders can have both positive and negative implications for the cryptocurrency. On the one hand, it may enhance stability and confidence in the market, as large holders tend to have a vested interest in maintaining the value of their holdings.
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henry_grayson_lawyer
Sat Jun 15 2024
However, on the other hand, this concentration can also lead to increased volatility and market manipulation risks. If a significant number of tokens are held by a few entities, their actions or decisions could potentially have a disproportionate impact on the market price of FTT.
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