Coinbase Tokenized Stock Ownership Extremely Concentrated

The Coinbase tokenized stock (xStock) has a highly concentrated ownership structure, according to data from CryptoRank. The top 100 wallets control 100% of the total supply of 120K tokens. There are no whales, sharks, dolphins, or other types of holders in the top 5-25 range, but there are some fish and octopuses outside of this range.

The largest holder has a share value of N/A due to the fact that the token is not traded on public exchanges. The distribution chart shows that wallet addresses hold 100% of the supply, while contracts hold none.

It's worth noting that the tokenized stock is an unusual asset, as it represents ownership in Coinbase rather than a traditional security or cryptocurrency like Ethereum (ETH).