Cortex Protocol Rich List Reveals Oligopoly Control

Cortex Protocol (CX) has released its rich list, revealing that the top 100 holders control an impressive 93.92% of the total token supply. According to CryptoRank's data, there are currently 1,017 holders on Ethereum, with wallets holding 24.09% of the total 478.84M token supply and contracts controlling the remaining 75.91%. The top 5 wallets hold a staggering 68.9% of the total supply.

The distribution chart categorizes holders into different tiers based on their share of the total supply. The 'whale' tier, which includes the largest holders, accounts for 26.25% of the total supply, while the 'shark' tier, which includes slightly smaller holders, accounts for 10.98%. The remaining tiers, including dolphins, fish, octopuses, crabs, and shrimp, hold significantly smaller shares.

The top 100 wallets on the list are responsible for a significant portion of the total supply, with the top wallet holding 28.20M CX tokens, worth approximately $1.25M at current prices. The contract addresses also hold substantial amounts of CX, with the top contract address controlling over 141.48M tokens.