VeChain is attracting heavy bullish sentiments this year as the cryptocurrency has doubled in price since the start of January 2023. VET is consolidating in price and is looking to climb above the $0.030 mark in the days leading up to the HiVe launch. The launch is scheduled for Mar. 4, 2023, and the blockchain will enter the Web3 and NFT spheres through collaborations. You can read more details about the developments here.
Due to The HiVe updates, a small number of whales have been seen entering VET. In this article, we will highlight who owns the most VET tokens.
Also Read: VeChain Price Prediction For March 2023
VeChain: Who Owns The Largest Number of VET Tokens?
VeChain has a total circulating supply of 88 billion tokens and boasts nearly 664,998 and growing holders. VET is available for a fraction of a penny, making it among the most affordable cryptocurrencies on the market.
According to recent data from VeChainStats, the highest number of VET tokens are owned by the wallet address ‘Binance 2 (Cold Wallet)’. Binance’s wallet holds around 7.9 billion VET worth a staggering 221.9 million. The wallet ‘Binance 3 (Warm Wallet)’ and ‘Binance US (Cold Wallet) are the second and fifth-biggest holders of VeChain, respectively.
Also Read: VeChain Spikes Double Digits: Skyrockets to $0.03 After a 100% Rise in 2023
While ‘Binance 3’ wallet holds 5.3 billion VET worth $148 million, the ‘Binance US’ wallet owns 2.5 billion tokens worth $70 million.
The Binance wallets holding millions worth VeChain also belong to its users who purchased VET through the cryptocurrency exchange.
In addition, cryptocurrency exchanges Upbit Korea, Crypto.com, and Bitvavo, among others, also remain in the top 10 list of VeChain’s largest holders. The holdings also include its users’ investments in VET.
Also Read: When Will VeChain Reach $1?
At press time, VeChain was trading at $0.027 and is down 1.1% in the 24-hour day trade. VET is also down 90.10% from its all-time high of $0.28, which it reached in April 2021.