Top 10 Jasmy Holders: Exchanges Dominate as Coinbase Cold Storage Emerges

Jasmy, a blockchain-based project focused on democratizing data in the IoT sector, has notable holders on the Ethereum blockchain. The top 10 holders include major cryptocurrency exchanges Binance and Crypto.com, with wallets holding billions of JASMY tokens. Other large holders are mysterious, regularly withdrawing significant amounts from the Coinbase exchange, possibly indicating cold storage or custody services. As of April 30, 2024, the largest holder is a Binance wallet with 4.2 billion JASMY, followed by a wallet holding 2.8 billion JASMY and another 2 billion DEAPCoin.

Jasmy: A Comprehensive Analysis of the Top 10 Holders

Introduction

Jasmy, a groundbreaking cryptocurrency project, stands at the forefront of the Internet of Things (IoT) revolution. Its mission is to empower data democratization, enabling users to securely share and access information under transparent and defined rules. With its innovative approach, Jasmy has garnered significant attention in the crypto realm.

Methodology

In this comprehensive analysis, we delve into the Ethereum blockchain, examining the top 10 Jasmy holders. Through rigorous data mining and comprehensive research, we uncover valuable insights into these influential entities.

The Top 10 Jasmy Holders

1. Binance Exchange Wallet

Holding an impressive 4.2 billion JASMY ($71 million), the Binance exchange wallet reigns supreme as the largest Jasmy stakeholder. This dominance is unsurprising, considering Binance's status as the world's leading cryptocurrency exchange by volume and user base.

2. Wallet Holding JASMY and DEP #1

Curiously, the second-largest holder possesses 2.8 billion JASMY ($48 million) alongside 2 billion DEAPCoin ($1.6 million). Interestingly, this wallet ranks as the fifth-largest DEAPCoin holder, demonstrating a diversified portfolio.

3. Binance Exchange Wallet

Another Binance exchange wallet claims the third spot, holding 2.3 billion JASMY ($39 million). Labeled as "Binance 28" on Etherscan, this wallet also stores significant quantities of SHIB, FDUSD, PEPE, and other tokens.

4. Large Holder Withdrawing from Coinbase #1

A puzzling wallet occupies the fourth position, having received multiple large JASMY token transfers from the Coinbase cryptocurrency exchange. Its activity suggests it may be a cold wallet employed by a cryptocurrency custody service provider.

5. Large Holder Withdrawing from Coinbase #2

Strikingly similar to the fourth wallet, this one holds 1.4 billion JASMY ($23.5 million) and has solely received large JASMY transfers from Coinbase. It appears that these two wallets may be linked in some way, potentially serving a common custodial purpose.

6. Crypto.com Exchange Wallet

The sixth-largest holder is a wallet managed by Crypto.com, a prominent global cryptocurrency exchange. This wallet exhibits similar characteristics to other Jasmy-holding exchange wallets, harboring substantial amounts of JASMY along with CRO, AIOZ, ELON, and other tokens.

7. Crypto.com Exchange Wallet

Another Crypto.com exchange wallet ranks seventh, holding 1.1 billion JASMY ($19.3 million) alongside other ERC-20 standard tokens like CRO, ELON, FLOKI, and BEAM.

8. Large Holder Withdrawing from Coinbase #3

A third wallet affiliated with Coinbase appears on our list, holding 1.1 billion million JASMY ($19 million). It follows the pattern of receiving large JASMY transfers from Coinbase, further solidifying the connection to potential cold storage or custody operations.

9. Large Holder Withdrawing from Coinbase #4

This wallet holds a substantial amount of JASMY ($18.5 million), exclusively receiving withdrawals from Coinbase without any outgoing transactions. It could be linked to the wallets featured at positions #4, #5, and #8, indicating a common custodial mechanism.

10. Large Holder Withdrawing from Coinbase #5

Rounding out our top 10 is another wallet mirroring the transaction patterns of its counterparts. Holding 1 billion JASMY ($17 million), it receives transfers from Coinbase, suggesting a possible connection to the other wallets linked to the exchange.

Analysis

Our findings reveal that the majority of the largest Jasmy holders are cryptocurrency exchanges. Notably, there are three wallets that consistently withdraw sizable amounts of JASMY from Coinbase. These wallets likely represent cold storage solutions or cryptocurrency custody firms.

Additional Insights

• Jasmy's total supply stands at 50 billion tokens.
• The top 10 holders collectively control over 20 billion JASMY, representing approximately 40% of the total supply.
• Binance and Crypto.com emerge as the dominant players in terms of Jasmy holdings.
• Coinbase remains a significant source of outgoing JASMY transfers to the wallets of large holders.

Conclusion

This in-depth analysis provides a comprehensive overview of the top 10 Jasmy holders. By unraveling their identities and transaction patterns, we gain valuable insights into the distribution and custody of this burgeoning cryptocurrency. As Jasmy continues to revolutionize data democratization within the IoT realm, understanding its key stakeholders plays a pivotal role in assessing its growth potential and market dynamics.