The Ethereum data in this dataset may shock many people. But in fact, a major theme I tweeted about in 2022 was reflecting on the overvaluation of Ethereum. You can still find a compilation of related tweets on the platform.
I concluded when everyone was hyping Ethereum L2 that Ethereum's biggest weakness is "succeeding too early," with too much VC interest. The future will not be a world dominated by Bitcoin and Ethereum, and it certainly won't replace Bitcoin. L2 has no future.
The module on Coinmarketcap for analyzing holding data, I find it very valuable: which coins are held by the people, which are held by VCs, and which are strongly controlled by market makers, everything is clear at a glance.
Some projects can rise in the short term because market makers hold more than 70% of the tokens, allowing them to achieve strong control. However, the long-term fundamentals will not change because of this. From the current whale data, the healthiest is Bitcoin, followed by Cardano. Coins held by the people have a future!
140.25K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.