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Fast Take
The highest 1% of addresses maintain roughly 99% of the entire provide of BUSD.
An analogous sample occurred with the FTT token that was issued by FTX, the place the highest 1% holds 99% of the availability.
Latest scrutiny comes after CFTC submitting a lawsuit in opposition to Binance.
Roughly $14 billion of BUSD has left exchanges since November 2022 — resulting in BUSD buying and selling quantity dropping to the bottom it has been in eight months.
The submit The acute focus of BUSD: 99% of provide owned by simply 1% of addresses appeared first on CryptoSlate.
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