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17% of addresses snapped up 80% of all Ethereum NFTs since April
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Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum.
The report was published on Oct. 21 and the analysis was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and Sept. 25, 2021.
The report found that whales, NFT platforms and exchanges which comprise the top 16.71% of all addresses, own 80.98% of NFTs on Ethereum.
The remaining 83.29% of NFT owners were only able to snap up “a handful of tokens'' during that time frame.
“This latter statistic does require a little more nuance in its interpretation, however, as many of those owners are marketplaces and clearinghouses like OpenSea, Nifty Gateway,
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