Still 30 times above ICO price (200 times or so relative to USD), considering the massive bagholders dumping is to be expected, most of the supply is in the hands of a few
What was ICO price for 1 XEL?
Top 10 balances hold 50% of the circulating supply.
LOL, how about you doing the most basic research before you start spreading crap?
If you want to see the XEL-distribution after the ICO go and have a look at the genesis entry record. Since the network runs since a few weeks now lots of XEL have changed hands and the accounts you are naming "whales" here are nothing else then the XEL-accounts of the exchanges. Namely Bittrex on top with its 15Mio XEL wallet.
Try harder next time.
Oh yea the XEL accounts of the exchanges, sitting at a whopping number of two!
Besides Bittrex there is Heat (XEL-WESJ-3UCL-7UTC-894KZ) with 275,000 XEL and ... that's it
I didn't take Bittrex into account my bad, that still doesn't look good
Conservatively that makes 35-40% of the supply for the top 10 balances and 85-90% for the top 100 balances
First, yes those 15m XEL of Bittrex MAKE a difference.
Second if you want to examine the Donation/ICO-Distribution go ahead and have a look at the Donation/ICO-Distribution. But don't come after weeks of trading and whine about you not liking seeing some big accounts.
It was pretty much the same shit back then :
https://talk.elasticexplorer.org/t/important-check-the-genesis-block-carefully/105/24
Top 10 balances had 30% of the supply, top 100 balances 80%, now it's worse (35-40% for top 10 balances, 85-90% for top 100 balances, accounting for the Bittrex wallet with conservative estimates on the distribution within the wallet, do the maths)
I don't whine, I state facts. I know you guys love to attack anyone saying anything negative related to this project, the facts remain, don't lure newbies into investing in XEL right now when top 100 balances hold nearly 90% of the supply.
Yea long term maybe it will go high, short and medium term it has a lot of room to go down
Again, if investing in Cryptocurrencies THE LAST THING i was worried about is if there are folks with more dough than me. It's all about development and passion for the project. Simple as that when it comes to (successful) investing.
I remember investing in Dash aka Darkcoin when it was a measly 0.00005 and folks like you where all over the place. "Don't invest! Devs holds all of the coins!" And in that case it was even a much different situation as Darkcoin had no such clean and months long way of distribution as Elastic. It was basically an instamine. And yet, Dash went berserk right after i bought my first stake in it.
The only thing misleading here is to lure noobs into thinking they should look at the distribution of an asset when there are things to consider much more important than that. Think about marketcap in comparison to the competition, rate of inflation or the classical risk vs reward approach. All of that in combination with passionate developers and a clear goal and vision truly matters. While your advice is basically crap when it come to successful investing. Go ahead and checkout the starting distribution of lot and lots of projects and you will find no correlation between the two parameters, be it negative or positive. It will just distract you from the parameters that really matter.