Post
Topic
Board Altcoin Discussion
Re: Binance owns 82.69% of BNB
by
ryzaadit
on 26/10/2021, 17:38:05 UTC
should i be worried of this?, people are freaked out that Satoshi holds 4.6% of bitcoin but somehow Binance holding 83% is normal?.
#SAFU word + everyone knows who is the founder and team ~XD

What mu_enrico say is right, that just a cold wallet address as you can see every wallet have a custom name and is used for various transaction for the exchange transaction. BNB is used by Binance for various thing especially for new IEO no wonder why everyone is stored on Binance.