Let me tell you why this comparison is fundamentally wrong! SafeMoon has a 16 times inflated MC in comparison to its LP.

The devs never really covered this on a big scale, maybe in Discord, as it is not a something an investor wants to hear but is important to know about our MC.

If somebody puts $1b in Ethereum, the ETH MC rises by $1b. If someone were to put $1b in SFM the market cap would rise by (Calculation: current MC divided by LP holdings = ratio of MC to LP holdings. This sits at roughly 16 right now) $16b.

I'll prove that this is true: on PancakeSwap, SFM had it's ATH on 11th of May. The LP held 291403 BNB worth $672 at that time (good times i know) and this was the max amount it ever held. You can find this on BscScan. This equals to $195.822.000 in the LP. Now lets look at the MC at that time. We can only calculate with tokens that have not already been burned so we take the MC of $5.6b (can be found on CMC and they calculate it without burn) and calculate the MC in respect to the circulating supply. This was is 58,6% at that time (source: burn report on reddit). So we now have a true MC of $3.2b. If we now calculate the ratio of MC to the LP holdings, we get a ratio of roughly 16

That means that while on paper the top 10 whales have 8% of the supply, their influence on the LP and therefore the price is ~ 16 times greater.

Meaning, in theory, the whales own 128% of the LP, while on paper they only hold 8% of the supply.