Hold up—you might be reading this wrong. Yes, one holder controls 45% of the supply. But before you panic sell, consider what that actually means for the market dynamic.

High concentration by a single whale can actually signal confidence in the asset's potential. If someone's willing to hold that much, they're betting on long-term value appreciation rather than quick exits. Plus, a whale's holdings create natural price support—they have every incentive to prevent the asset from crashing.

Compare this to fragmented supply where retail holders panic at every dip. The whale's skin in the game can stabilize volatility and create floor support.

Not saying concentration isn't a risk—exit liquidity is a real concern. But it's not the immediate death sentence most assume. Sometimes the market mechanics are more nuanced than the surface narrative.