Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Team Members
by
fudbuster
on 07/04/2015, 16:20:25 UTC
By the way is this your rich list?


http://pastebin.com/wZtajyfP


Seems like a poor distribution to me, lots of whales.

https://forum.ournem.com/general-discussion/nem-rich-list/msg15667/#new

You got too much time on your hands.  Looks like you just copy and pasted what was on that thread and removed the parentheses.   Roll Eyes


So there aren't a lot of whales?
NEM has no whales.



Not true. While no whales may have been generated by distribution, anyone could have bought well over 5% of the total NEM supply on Poloniex during the last trading week. There could easily be just a couple of whales with the majority of NEM on Poloniex manipulating the entire order book for all we know.

50-100 BTC is all it takes to manipulate any crypto market of this size. Given the current prices, that's really not that much money to be a "whale".