WhaleStats 1000 Top ETH Wallets. Inaccurate with a side of Collusion.
According to the website WhaleStats, which is a subsidiary of CoinGecko, the Altcoins in the top 1000 ETH wallets are FTX token, and Shiba Inu. However, the largest wallets also hold much more of the HEX.com token. In August 2021 it seems WhaleStats jumped on the misinformation train and removed HEX from their top alt Heat Map.
Live stats minus HEX: https://www.whalestats.com/analysis-of-the-top-1000-eth-wallets/heatmap
The HEX.com token has been gatekept and suppressed on websites like Coin Market Cap (Binance Owned), and Coin Gecko. Even though having a market cap that rivals other top 5 coins, it is listed at 201 on Coin Market Cap.
Market Cap is a vanity metric you can’t make money on. Market Cap is just the amount of “circulating” units times the price per unit. You can not place orders on the Market Cap chart.
Bitcoin’s Market Cap includes Satoshi’s coins even though they have never moved. They are still counted as “circulating” for whatever reason. There is no “price god” that holds the Market Cap below some number. HEX can have a higher Market Cap than Bitcoin. It can have a higher Market Cap than gold.
There is no fixed limit that the price can’t move through.
So why are these sites lying?
The most logical explanation of these websites posting inaccurate information is due to collusion with the largest exchanges. HEX is not listed on Binance, FTX, or any other Centralized exchange. These exchanges have ties to the same sites that provide statistics on all cryptocurrencies, which seems like a serious conflict of interest to me. There is also a class-action lawsuit against Coin Market Cap for the misinformation on HEX.
The public that uses these sites should be made aware that the top coin listings are inaccurate and biased. With a grassroots movement taking place with HEX it is now leading the market with the strongest community and projected to grow over the coming years.