IBITon Top Holders Control Over Half of Token Supply

iShares Bitcoin Trust Tokenized Stock (Ondo), also known as IBITon, is a tokenized stock that has gained attention in the crypto space. According to CryptoRank, the top 100 holders of IBITon control 51.49% of its total supply of 1.15M tokens.

The largest 5 wallets hold a significant share of 36.4%, with the first wallet holding approximately $1.49M worth of IBITon tokens. The distribution chart shows that the top 100 holders are primarily made up of whales, but there is also a notable presence of shrimp and crab holders.

The market capitalization of IBITon is around $3.00T, with a 24-hour spot volume of $49.99B. This represents a significant increase of 15.9% compared to the previous day.