Will you still buy ETH despite the news that 32.3% of all ETH supply is currently owned by billionaire whales?

[Castelione]

I just read that 32.3% of all ETH supply is currently owned by billionaire whales. Considering this, will you still buy ETH or will you sell after hearing this news?

 

[Nomad]

I do not think Ethereum is the only asset that is being owned by a large number of big investors. Most of the cryptos on the top are being controlled by big investors. IN fact of a crypto projects are not supported by big investors, they never see braod daylight.

 

[Riberet19]

I do not think Ethereum is the only asset that is being owned by a large number of big investors. Most of the cryptos on the top are being controlled by big investors. IN fact of a crypto projects are not supported by big investors, they never see braod daylight.

I agree with you, even in Bitcoin the same thing happens, a lot of the total supply is in the hands of whales, this is something that happens with most financial assets, who do we think has the majority of the existing gold? and the silver? And so on, if this were something to worry about, no one should invest in anything.

 

[Monster Masterpiece]

Most of coins requires to pay fee from ETH for sending money like FOX or RFOX or even MANA or GALA or SPOT Token or even OP, all ETH network coins requires pay fee from ETH and not the coin balance that is reason behind purchase it.

 

[linux.poet]

Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%.

Source:https://en.wikipedia.org/wiki/Wealt...erve data indicates that,bottom 50% held 2.6%.

Seems that billionaire whales holding 32.3% of any currency is normal.