We have had such a long period of moderate prices and accumulation opportunities that I find it possible that one entity has up to 1 million XMR. After all it has been possible to buy it for about $1 million, which is peanuts.

However, acquiring such a stake from the market does not serve any logical purpose. Manipulating the price for trading gains can be done with 100k. Becoming filthy rich is Monero succeeds also happens at 100k (or much less). Supporting the coin by buying at dips and thus amassing a fortune that does not make any difference in the positive case, and can never be sold in the negative case, is not rational. Aiming to be the biggest holder for the sake of it, nah. Buying a shitload for the future nefarious purposes is implausible, as the very act of buying a million coins would have been the thing that kept Monero alive (imagine the price without the million coins buying pressure over the months!)

My belief is that the holdings distribution table quoted above is rather well indicative concerning the largest holdings. The bottom tranches depend heavily on the number of XMR holders, which was assumed to be 25,000, but can as well be 10,000 or only 5,000.

I am coming to the Berlin meetup in 23.-24. May with a small delegation. Accepting invitations to events