Quote from: chikator on Today at 02:27:47 PM

Quote from: DoubleEdgeEX on August 08, 2020, 07:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

If what youre saying is true then yes it would be a problem in the long run. With so few big holders they could manipulate these coins to their whims in the future but then again, dont all coins? Even on coins that we have frequently nursed in our wallets, big holders still manipulate those markets. Just dont mind it i guess if you really believe on your project.

We can't really expect that DeFi will have a long run. We know that this market trend is just hyped and sooner or later this hype will be extinguished. Big players are enjoying the every profit they can get as much as possible because I'm sure they know that this is temporary and they won't hodl trash tokens that has no foundation.

For now, I think there's some manipulation happening due to extensive pumps and dumps by some DeFi tokens, I'm not pertaining to all but there are some that is just for profit only.