I was doing a little research in the BBP Explorer and I'm somewhat worried by the current wealth distribution.
The top two addresses each hold nearly 10% of the supply (12,509,890 and 11,585,552)
http://biblepay.inspect.network/richlistBased on the transaction amounts in those addresses I would assume both are big miners.
There isn't nearly enough liquidity on C-CEX to sustain large sells if either of those addresses decided to dump...
There also must be some serious equipment working for those addresses to have that many block rewards.
I'm a long-term holder so I'm not going to panic but I thought it should be mentioned here for your input.
I wouldnt worry too much, as one of those addresses is the public c-cex receiving address (the b6 address) for coins deposited from the orphan foundation. Whats happening is we are sending 10% of the block chain tithe funds into c-cex, selling the BBP for BTC, and c-cex is then showing an 'increasing' BBP amount on one address, but people buying with BTC against their house account are consuming some of that supply, so it looks bad from the richlist but in reality that address is getting depleted by buyers on c-cex.
The other assumption I would clarify is some of us are accumulating BBP by buying it, not mining it, like me, Im not doing much mining.