Binance moving up the ADA rich list

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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.

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

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Not Binance personally - that’s their client wallet.

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

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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.

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Try harder to get more:sunglasses:

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Yes, client wallet makes more sense.

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