Quick Take
- The top 1% of addresses hold roughly 99% of the total supply of BUSD.
- A similar pattern occurred with the FTT token that was issued by FTX, where the top 1% holds 99% of the supply.
- Recent scrutiny comes after CFTC filing a lawsuit against Binance.
- Roughly $14 billion of BUSD has left exchanges since November 2022 — leading to BUSD trading volume dropping to the lowest it has been in eight months.
![BUSD Addresses: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/BUSD-2.png)
![FTX Token: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/ftt.png)
![BUSD: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/bbusd.png)
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