![The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/crypto-sector-stablecoin.jpg&w=70&h=37&q=75)
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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%.
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)](https://cryptoslate.com/wp-content/uploads/2023/03/BUSD-2.png)
![FTX Token: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/ftt.png)
![BUSD: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/bbusd.png)