Quote from: Ethapus on February 26, 2014, 09:40:40 PM

Quote from: JakeThePanda on February 26, 2014, 08:47:31 PM

Does the distribution have anything to do with the price movement? Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%. I have to believe the insiders know who the big dumpers are. Sorry, that's just the way I feel right now. How can such a small amount of people get there hands on such a large % of coins?

Yes I also really wonder what is up with the big wallets and apparent distribution, and I do somewhat worry about that as I am sure many people do. But there are two factors that make me wonder:

1. How many of the big wallets belong to mining pools and exchanges and such? Some are quite obvious, others not. Do exchanges like cryptsy have several wallets? Perhaps one for CGB/BTC, one for CGB/LTC, one or more for cold storage? Could the no. 1 wallet be something of the kind? To me it doesn't look like it, but it seems like a weird pattern/volume/timeframe of transactions and I can't really make any sense out of it. In any case the true distribution of CGB is very hard to estimate so long as a large percentage of holders keeps their coins in a "shared wallet" such as on an exchange.

2. As I already wrote some time ago, the transaction history and size of many wallets shown by coinplorer simply do not add up. Which means I cannot, for myself, trust what coinplorer is showing. Feel free to check it for yourself and make up your mind about that.

I did my own research on Coinplorer. I tracked some of the movements between the top addresses and I came to the conclusion that one person or entity controls like 280K coins.