TIPon Tokenized ETF Ownership Highly Concentrated Among Top 100 Wallets

The iShares TIPS Bond Tokenized ETF (Ondo), also known as TIPon, is a tokenized exchange-traded fund (ETF) that tracks the performance of Treasury Inflation-Protected Securities (TIPS). With a total supply of 100.13K tokens, the largest 100 wallets control 100% of this supply. According to CryptoRank, the top 1-5 wallets hold 100% of the supply, while those in positions 6-10 and beyond hold significantly smaller percentages.

The distribution chart shows that wallet addresses hold 55.08% of the total supply, with contract addresses controlling the remaining 44.92%. The largest wallet address holds approximately 55.13K tokens, which is equivalent to $12.42M in value.

The tokenized ETF has seen a significant increase in popularity, with its price rising by 10.10% over the past day. However, it's essential to note that this information only pertains to the Ethereum network and might not reflect the overall market situation.