Quote from: guydin on Today at 05:19:26 AM

Quote from: L A on August 22, 2021, 07:45:36 AM

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

Personally I don’t buy tokens when I see that more than 30% of tokens are in the hands of one person. Whales can be really dangerous for small investors as they can easily manipulate the price. Also it can be an indicator of a scam project, as big holders can wait for pumping of price and then sell it at one moment. One more thing is that when one person has a big percentage it destroys decentralisation.

Some coins prevent easily manipulated the price. Aeternity is a good example