Georgi Georgiev · June 4, 2018 · 3:00 pm
Ten addresses are currently in possession of almost half of all tokens distributed in the year-long EOS initial coin offering (ICO). The fundraising event sold a total of one billion EOS tokens while raising a staggering sum of $4 billion.
A Concentration of Power
Nearly 50 percent (49.67 percent) of all EOS tokens are currently distributed among just 10 wallets, according to a report from Trustnodes.
Block.one, the company behind the EOS project, holds 100 million of the entire amount. At the time of this writing, EOS is trading at $14.42, giving Block.one another $1.44 billion on top of the $4 billion they managed to raise during the ICO.
While it’s hard to identify the owners of the remaining top nine addresses, their volumes are entirely public. One of the addresses holds 75 million tokens, which roughly translates to around $1 billion. The amount of tokens held by the other top 10 addresses varies, with one of them holding 20.6 million. Another holds 13.5 million.
It also bears mentioning that less than ten entities or individuals could conceivably be in charge of these accounts. As outlined by Trustnodes, it’s highly likely that most of the addresses belong to popular cryptocurrency exchanges such as Bitfinex, Binance, Upbit, Huobi, Bithumb, and OKEx.
The top 100 addresses account for a total of 748,176,831 tokens, which represents 74.82 percent of the total supply. This means that the next 90 addresses outside of the top 10 hold roughly 250 million tokens — or 25 percent of the total lot.
The top 1,000 addresses hold 858,120,383 (or 85.81 percent) of all tokens,