The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses

Fast Take

• The highest 1% of addresses maintain roughly 99% of the full provide of BUSD.
• The same sample occurred with the FTT token that was issued by FTX, the place the highest 1% holds 99% of the provision.
• Current scrutiny comes after CFTC submitting a lawsuit towards Binance.
• Roughly $14 billion of BUSD has left exchanges since November 2022 — resulting in BUSD buying and selling quantity dropping to the bottom it has been in eight months.

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