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Crypto Whales Own Almost Half of the Tokens From the Biggest Ever ICO

  • Block.one raised more than $4 billion in recent offering
  • EOS Tokens have a market cap of more than $12 billion
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Bitcoin: What’s Coming in the Year Ahead

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Beware of the EOS whales.

The top 10 holders of the digital tokens from the largest initial coin offering ever own nearly 50 percent of the coins, according to tracking service Etherscan. Block.one, the private company behind the project that completed the more than $4 billion offering last week, is the biggest holder, with 10 percent of the total. The names of the other large holders are anonymous and could be individuals or even exchanges.