According to BlockBeats, on August 30, crypto data analysis agency Santiment released data showing that the 10 largest wallets hold the following proportions of mainstream altcoins:
MATIC: 69.4%
SHIB: 61.2%
UNI: 50.8%
BABY: 46.1%
ETH: 44.0%
USDT: 33.1%
LINK: 31.1%
TON: 27.5%
FROM: 24.5%
USDC: 19.0%
Santiment said the concentration of assets held in whale wallet addresses is affected by multiple factors, such as early adopters or project insiders holding large amounts of funds, or tokens being used for staking or governance.