Tuesday, November 28, 2023

Over the past decade, numerous digital currencies have sprung up alongside bitcoin, creating a vibrant cryptocurrency ecosystem now valued at $1.2 trillion. In this complex universe, the enigmatic entities known as crypto whales play a key role in the allocation, trading, and hoarding of coins across various initiatives. This analysis ventures into the ten most lucrative crypto assets as per market valuation, illuminating the degree of their dispersion and evolution of their ‘rich lists’ over time by scrutinizing their well-heeled roster of holders.

Understanding the Wealth Distribution Among the Top 10 Cryptocurrencies

Bitcoin (BTC) was introduced in January 2009 and has experienced remarkable dispersion over the past 14 years. This examination endeavors to map the fascinating domain of the so-called ‘BTC rich list,’ while concurrently scrutinizing the wealthy lists associated with the top ten crypto assets as of June 2023.

This in-depth analysis allows us to gauge the immense scale of holdings owned by the most significant crypto holders in today’s landscape. To determine the distribution degrees of the top crypto projects featured on cryptocurrency market cap aggregation sites, wealth list statistics from the web portal coincarp.com were used.


As per the latest statistics on June 22, 2023, approximately 48,304,381 unique addresses currently hold BTC. Among these, the top 10 wallets hold 5.32% of the total supply. The top 50 bitcoin holders possess 10.68% of the supply, while the top 100 own 13.50% of BTC’s circulating supply. Moreover, three out of the top 10 BTC addresses are tagged as exchange-operated wallets.


Today, ethereum (ETH) is the second-largest cryptocurrency by market capitalization according to coincarp.com statistics. As of June 22, there are 235,690,415 ETH holders. Among these, the top 10 wallets hold 31.15% of the ETH supply. The top 50 wallets represent 38.92%, while the top 100 addresses hold 44.34% of ETH’s supply. Contrary to BTC, nine out of the top 10 ether wallets are tagged as exchange wallets.


Tether (USDT), the third-largest cryptocurrency asset in terms of market capitalization, is issued on multiple blockchains. However, this study only takes into account USDT minted on Ethereum. As of June 22, there are 4,369,987 ETH-based wallets holding USDT. Among these, the top 10 holders represent 18.56% of the circulating USDT, while the top 50 holders own 35.87% of the supply. Tether’s top 100 wallets account for 42.74% of the USDT based on the ERC20 standard. Importantly, each wallet in the top 10 rich list for ERC20-based USDT is tagged as an exchange address.


BNB also has wealthy lists on both Ethereum and the BNB chain, with this study focusing on the ERC20 rich list for BNB’s supply. Approximately 281,987 holders own BNB, and the top 10 wallets hold 47.61% of the supply. The top 50 BNB wallets account for 64.91% of the supply, while the top 100 wallets represent 70.95%. Only two of the top 10 BNB addresses are tagged as exchange wallets.


Similar to USDT, USD Coin (USDC) is minted on several blockchains, but this research only considers the ERC20-based statistics. There are 1,648,279

Frequently Asked Questions (FAQs) about Cryptocurrency Wealth Distribution

What is the significance of the “rich lists” in the cryptocurrency ecosystem?

The “rich lists” in the cryptocurrency ecosystem refer to the lists of wallet addresses holding significant amounts of a specific cryptocurrency. These lists are significant as they provide insights into the distribution of wealth within the cryptocurrency, revealing the concentration of holdings among a small number of addresses.

Which cryptocurrencies were included in this analysis?

This analysis focused on the top 10 cryptocurrencies based on market valuation as of June 2023. The cryptocurrencies examined were Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), USD Coin (USDC), XRP, OKB, Cardano (ADA), Dogecoin (DOGE), and Solana (SOL).

What do the statistics reveal about the wealth distribution of these cryptocurrencies?

The statistics indicate the percentage of total supply held by the top 10, top 50, and top 100 wallet addresses for each cryptocurrency. The analysis shows the varying degrees of concentration, with some cryptocurrencies exhibiting more evenly distributed wealth among holders, while others show a higher concentration in the hands of a few addresses.

Are there any differences in wealth distribution between cryptocurrencies?

Yes, there are variations in wealth distribution among different cryptocurrencies. The analysis highlights that Bitcoin (BTC), Cardano (ADA), XRP, and Solana (SOL) have a relatively fair distribution of wealth, with a lower concentration among top wallet addresses. In contrast, other cryptocurrencies like Ethereum (ETH), Tether (USDT), and Binance Coin (BNB) show a higher concentration of wealth among top addresses.

How are exchange-operated wallets represented in the analysis?

Exchange-operated wallets, which are wallets managed by cryptocurrency exchanges, are identified separately in the analysis. The statistics indicate the number of exchange-operated wallets among the top addresses for each cryptocurrency, providing insights into the involvement of exchanges in wealth accumulation and trading activities.

More about Cryptocurrency Wealth Distribution


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


CryptoEnthusiast22 June 23, 2023 - 11:46 am

wow, dis analysis gives us insights into da wealth distributn in da crypto world. it’s cool 2 c how diff currencies hav diff concentrations. i luv dat btc, ada, xrp, n sol seem 2 b more evenly spread. very interestin stuff!

CryptoKing123 June 23, 2023 - 5:54 pm

this study on da top cryptos n wealth distribution is lit! it’s crazy 2 c how much is held by top wallets. eth, usdt, n bnb hav sum big wallets. bt btc, ada, xrp, n sol r doin a bettr job at spreading da wealth. vry interestin data, gotta dive deeper into dis!

CoinLover88 June 23, 2023 - 8:37 pm

d rich lists in crypto rly show how da wealth is spread out. it’s cool dat u can c da percentage of supply held by top addresses. some coins hav more spread out wealth, while others hav more concentrated hodlers. fascinating read!


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

Follow us


CrypTokenTop is a website dedicated to providing comprehensive information and analysis about the world of cryptocurrencies. We cover topics such as Bitcoin, Ethereum, NFTs, ICOs, and other popular crypto topics. Our mission is to help people learn more about the crypto space and make informed decisions about their investments. We provide in-depth articles, analysis, and reviews for beginners and experienced users alike, so everyone can make the most out of the ever-evolving world of cryptocurrency.

© 2023 All Right Reserved. CryptokenTop