CYC Top Holder List Reveals Concentrated Token Ownership
The Cycle Network (CYC) cryptocurrency has released its top 100 holder list and distribution chart, providing insights into the token's ownership structure. According to the data, there are currently 107 holders on Ethereum, with the largest 100 wallets controlling 100% of the total 500.10M token supply.
The top 1-5 wallets hold an impressive 84% of the total supply, while the top 6-10 wallets control 16%. Notably, there are no wallets in the top 11-25 or 26-50 categories, and only a handful of wallets outside of the top 100.
The whale category accounts for 76.54% of the holder count, followed by sharks with 0%, dolphins at 21.87%, fish at 10.93%, octopuses at 54.67%, crabs at 43.74%, and shrimp at 8.82%. The majority of tokens are held in contracts, accounting for 99.99% of the total supply.