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

BUSD and FTT: A tale of two tokens with strikingly similar wealth distributions — concentrated in the top 1%.

James Van Straten
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James Van Straten
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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.
BUSD Addresses: (Source: Glassnode)
BUSD Addresses: (Source: Glassnode)
FTX Token: (Source: Glassnode)
FTX Token: (Source: Glassnode)

 

BUSD: (Source: Glassnode)
BUSD: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Binance USD BUSD (24h)
$1.00 +0.07%
Market Cap $40.06M
24H Volume $1.41M