Binance moving up the ADA rich list


#1

People may be aware of the Ada Rich List which lists the Cardano addresses with the most Ada in them.

IOHK currently holds the top spot with about 8.2% of all Ada and only one transaction on that address has ever been made.

The current second spot goes to Binance which currently holds 6.5% and has made over 47000 transactions.

This is interesting because I am sure that Binance held less than 6% of all Ada a week ago. This means Binance is doing its best to accumulate Ada. For me that is a very positive signal.


#2

Goddamn, and I thought I had a few :open_mouth:


#3

Not Binance personally - that’s their client wallet.


#4

Yup, seems to mean that more people move ADA to Binance, that’s it.


#5

According to web archive, Binance held 3.43501% in their wallet with 8602 transactions on 18th Feb 2018.
They almost doubled it in couple of months.


#6

Try harder to get more:sunglasses:


#7

Yes, client wallet makes more sense.


#8

Binance recently began an ADA to USDT pairing, which is a cause for celebration.