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

quick take

• The top 1% of addresses hold about 99% of the total BUSD supply.
• A similar pattern occurs with FTT tokens issued by FTX, with the top 1% holding 99% of the supply.
• The latest scrutiny comes after the CFTC filed a lawsuit against Binance.
• About $14 billion of BUSD has left exchanges since November 2022, with BUSD trading volume dropping to its lowest level in eight months.

Extreme Concentration of Post BUSD: 99% of Supply Owned by Only 1% of Addresses First Appeared on CryptoSlate.