How many of those top 20 accounts belong to the same person?
The analysis I'd like to see done is how much went into sock puppets when ned was threatened with a fork.
I'm sure he isn't the only one to split his holdings into anonymous accounts.
The 1/3 of hive held on exchanges is another drawback to mass adoption, at least knowing who to be looking at would simplify selling it to newbs.
Until all accounts are known to be non-aligned, and below some number in terms of percentages, the possibility to dump and crash the platform exists.
That alone would serve to keep the 'smart' money out.
Hard to say, except for blocktrades owning at least 2. But we can see that the majority of whales don't seem to be completely exploiting the chain. It also makes sense to not build up more stake when already being in the top 20 and diversify
That doesn’t sound quite positive for the future, still the relative holdings have dropped with the entire HP economy… I think that’s a good thing
On a long enough scale it all works out.