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MainNewsCryptoRank L...

CryptoRank Lists Top Bitcoin Wallets Holding Over 5% of Total BTC Supply


by Ikemefula Aruogu
for CoinEdition
CryptoRank Reveals the Richest Bitcoin Wallets in 2024
  • CryptoRank has identified the blockchain wallets holding the highest amount of Bitcoin.
  • CEXs dominate the richest individual Bitcoin wallets category.
  • Individual wallets hold 5.27% of the total Bitcoin supply.

CryptoRank’s latest report brought out the wealthiest Bitcoin wallets, with a Binance cold wallet leading the pack at $24.33 billion—holding 1.26% of the total Bitcoin supply. While the report doesn’t reveal wallet owners, it sheds light on the concentrated storage pattern that could influence market sentiment.

According to CryptoRank’s X post, the Binance cold wallet with 248,598 BTC holds the most Bitcoins in a single wallet. The wallet’s estimated Bitcoin value is $24.33 billion, representing 1.26% of the total Bitcoin supply. In fact, CryptoRank found two Binance Cold Wallets among the richest Bitc…

The post CryptoRank Lists Top Bitcoin Wallets Holding Over 5% of Total BTC Supply appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Is It Too Late to Buy Bitcoin? Michael Saylor Offers Perspective on Long-Term Value

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Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security

Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security

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MainNewsCryptoRank L...

CryptoRank Lists Top Bitcoin Wallets Holding Over 5% of Total BTC Supply


by Ikemefula Aruogu
for CoinEdition
CryptoRank Reveals the Richest Bitcoin Wallets in 2024
  • CryptoRank has identified the blockchain wallets holding the highest amount of Bitcoin.
  • CEXs dominate the richest individual Bitcoin wallets category.
  • Individual wallets hold 5.27% of the total Bitcoin supply.

CryptoRank’s latest report brought out the wealthiest Bitcoin wallets, with a Binance cold wallet leading the pack at $24.33 billion—holding 1.26% of the total Bitcoin supply. While the report doesn’t reveal wallet owners, it sheds light on the concentrated storage pattern that could influence market sentiment.

According to CryptoRank’s X post, the Binance cold wallet with 248,598 BTC holds the most Bitcoins in a single wallet. The wallet’s estimated Bitcoin value is $24.33 billion, representing 1.26% of the total Bitcoin supply. In fact, CryptoRank found two Binance Cold Wallets among the richest Bitc…

The post CryptoRank Lists Top Bitcoin Wallets Holding Over 5% of Total BTC Supply appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Is It Too Late to Buy Bitcoin? Michael Saylor Offers Perspective on Long-Term Value

Is It Too Late to Buy Bitcoin? Michael Saylor Offers Perspective on Long-Term Value

Michael Saylor, Executive Chairman of Strategy, recently addressed whether buying Bit...
Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security

Proof of Stake Advantage: Why Justin Drake Thinks Ethereum Beats Bitcoin on Security

Ethereum community researcher, Justin Drake, suggests that executing a 51% attack on ...