During Season 1, 1.4 million $FOLKS tokens were distributed to over 5,000 participants. When $FOLKS reached its $40 high, the value of these distributions soared to approximately $56 million. Imagine — the entire value was shared among fewer than 5,700 people. This phenomenon of wealth concentration is not the first time it has appeared in the market.
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SilentAlpha
· 20h ago
Oh my goodness, the concentration of wealth is just too outrageous. Early players are really making a killing.
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NftBankruptcyClub
· 20h ago
Hmm... 5,700 people share 56 million, so that averages about 980,000 per person? Why didn't I catch this train?
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MeltdownSurvivalist
· 20h ago
Over 5,000 people share one coin, but only fewer than 5,700 actually made a profit? How is this math calculated haha
During Season 1, 1.4 million $FOLKS tokens were distributed to over 5,000 participants. When $FOLKS reached its $40 high, the value of these distributions soared to approximately $56 million. Imagine — the entire value was shared among fewer than 5,700 people. This phenomenon of wealth concentration is not the first time it has appeared in the market.