Addresses with balance ≥ X (% of supply)

What is "Addresses with balance ≥ X (% of supply)"?

Addresses with balance ≥ X (% of supply) represent the count of unique addresses holding at least X percent of the total cryptocurrency supply. The default value is X = 0.001%, but users can select from multiple thresholds, including 0.00000001%, 0.0000001%, 0.000001%, 0.00001%, 0.0001%, 0.001%, 0.01%, and 0.1% to analyze different holder segments.

Why is "Addresses with balance ≥ X (% of supply)" important?

This indicator shows wealth concentration in the network, impacting market stability and manipulation risk. At the default 0.001% threshold, it counts addresses with significant positions that influence market dynamics. Lower thresholds (0.00001%-0.0001%) include more addresses with smaller stakes, revealing a broader holder base. Higher thresholds (0.01%-0.1%) focus on mega-whales. Fewer addresses at any threshold signals centralization. Healthy distribution shows many addresses at low thresholds and few at high ones, correlating with reduced volatility and organic price discovery.

How is "Addresses with balance ≥ X (% of supply)" calculated?

Addresses with balance ≥ X (% of supply) are calculated by counting unique addresses where balance ≥ (Current Supply × X/100). Users can adjust the X parameter in the indicator settings to analyze different concentration levels.

Data source

Metrics displayed across crypto fundamentals are powered by third-party data providers, which may include Glassnode, Coinmetrics, LunarCrush, and DefiLlama. The specific provider or combination of providers behind any given metric may vary.