

A Warning to Memecoin Investors: How Much Do Whales Own?


Investors should be aware of just how concentrated a token’s circulating supply is. If whales choose to sell their large token holdings, price drops can often follow…
Investing in memecoins is inarguably a very uncertain affair. With little-to-no fundamental value, countless controversies, and driven by speculation, memecoins are perhaps the most risky assets available to the retail investor in today’s cryptocurrency landscape.
However, when combined with the fact that supply of such coins is oftentimes held by a very small number of whale holders, the risks associated with these fun but votilite assets only seems to increase.
Shiba Inu (SHIB)
Including exchange wallets, but barring null/burn addresses, Etherscan shows us that, despite a total holdership of more than 1.3 million addresses, the top 20 SHIB holders currently boast around 27.3% of the tokens supply - equivalent to approximately $1.3 billion, given a market cap of $4.74 billion at time of writing, according to CoinMarketCap.
For context, this equates to just 20 individual wallets with more than 1 in 4 of the SHIB tokens currently in circulation.

Pepe (PEPE)
In the wake of recent controversy and supposed theft of some 16 trillion PEPE tokens by “bad actor” members of the team, PEPE’s token concentration may seem all the more concerning.
According to data from Etherscan, the top 20 holders of the PEPE token possess some 53% of the circulating supply.
Certainly this monumental percentage includes exchange wallets too which, though distributed across multiple actors, are perhaps more ready to be sold than any other segment of holder.

Floki (FLOKI)
The top 20 FLOKI holders tout a combined holding of 23% of FLOKI’s supply, barring null/burn addresses.
What’s more, the total number of holders is significantly less than those of competing memecoins. For context, according to data from Etherscan, FLOKI is distributed across just 73,000 wallets, compared to 1.3M, and 138,000, for SHIB, and PEPE, respectively.
Should I Invest in Memecoins?
Memecoins have gained popularity owing to their historical ability to generate returns and generate them quickly. As a result, the risks associated with these highly speculative assets are often overlooked and so too are their tokenomic details.
Investors should be aware of just how much market influence a small number of memecoin whales often have - the figures therein are often surprising. Should a single party choose to sell their stacks in short order, the negative impact on the token’s price, as a result of the mass-sale, can be catastrophic.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Lucidao Unveils Bold Rebrand: Pioneering the Tokenization of Real-World Assets

The rebranding underscores Lucidao's commitment to bridging real-world assets and blockchain technology.
Decentralized Finance (DeFi) platform Lucidao has recently unveiled its new look alongside a redefined mission. With the launch of a revamped website, Lucidao is taking a significant step towards the tokenization of Real-World Assets (RWAs), strategically positioning itself as a leading force in the intersection of blockchain technology and Real-World Assets.
The core of Lucidao's transformation lies in a strategic shift – a commitment to making the tokenization of RWAs its primary mission. This goes beyond a mere rebrand; it signifies a pivotal moment for the platform, where every innovation and product creation revolves around the tokenization and digitization of real-world assets.

At the forefront of Lucidao's success is Altr, a decentralized application (dApp) that set the stage for bringing physical luxury collectibles onto the blockchain. This initiative, born out of Lucidao's governance process, showcases the vast possibilities within Lucidao's expansive vision for RWAs.
Lucidao's Approach to Empowering Stakeholders
Empowerment is a cornerstone of Lucidao's approach to asset tokenization and digitization. Lucidao token ($LCD) holders aren't just passive investors; they are active contributors shaping the platform's trajectory. This unique governance model transforms each $LCD holder into an engaged participant, with the ability to propose, debate, and enact initiatives, fostering an agile and adaptive environment.
The $LCD token plays a central role in Lucidao's ecosystem, serving as a versatile utility token integral to governance, transaction fees, and participation in Quickswap's liquidity pool farming. Recognizing the importance of community involvement, Lucidao is set to introduce a Fiat onramp on its new website, making it easier for individuals to directly acquire $LCD tokens.
Beyond Luxury Collectibles: Lucidao's Expansive Vision
Lucidao's vision extends far beyond luxury collectibles. While Altr showcased the platform's capabilities, Lucidao aims to be an ecosystem that embraces a wide array of real-world assets on the blockchain. The advantages are manifold, ranging from increased liquidity and fractional ownership to the transparency and immutability inherent in blockchain technology. The new website acts as a comprehensive guide to these transformative initiatives, illustrating Lucidao's commitment to unparalleled innovation and inclusivity.
Lucidao's bold rebrand marks a transformative chapter in the platform’s journey as it establishes itself as a pioneer in the tokenization of Real-World Assets (RWAs). The unveiling of a revamped website symbolizes a strategic commitment, not just to aesthetics, but to a profound shift where every facet of innovation orbits around the digitization of tangible assets. Through empowerment and community involvement, Lucidao propels itself as a catalyst for innovation and inclusivity, setting the stage for an innovative approach to asset management in both digital and physical realms.
About Lucidao
Lucidao is a DAO with a primary focus on the tokenization and digitization of Real-World Assets (RWAs). Originating as an independent entity, Lucidao has given life to projects like Altr through its decentralized governance model. Using the $LCD utility token for all ecosystem interactions, Lucidao is paving the way for a transformative approach to managing assets in both the digital and physical realms, providing not just access but empowerment to community members.
For more information, visit Lucidao's official linktree.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article as part of a "Done For You" package, priced at $2999. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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