I'm assuming at least 2 of those are exchange wallets, those will skew the figures a lot due to people keeping XBOT on the exchanges.
That's right and same kind of wealth structure can be found in almost every coin.
Especially when most coins sit on exchanges.
keep in mind that 50% of the coins are being stake
https://chainz.cryptoid.info/xbot/#!extractionSo that means there will be much less than 2millions coins total, yes?
Yes. I currently have close to 2% of the coins and rather than shake the market with the dumping cowards to accumulate more coins, I'm keeping my coins in my wallet staking, secure within a vm box, So the coin becomes more rare. And I'm accumulating more coins at no one elses expense through staking. I don't understand why people are so impatient dumping coins when this one is sure to roi another 30x at least. Must be the new thing to dump innovation at sub $120k marketcap and potential adoption that we have all prayed for and told our friends and family about, as the goal of digital currency.
I get your point of view, but that's just it. It's YOUR point of view. There are many traders that could care less about anything other than turning a profit. Over and over again, you will often see coins go up then drop. Often it is the same group of pump and dump partners. There's nothing wrong with either approach, I hold coins with serious long term potential. I also make plays on obvious shit coins that are only going to go up once then die. It is the nature of crypto. Recognize this and you can come out ahead most of the time. Just keep greed in check and remember that profit is better than bag holding.