[Data: MATIC's top currency holding addresses hold nearly 70% of the total tokens] On August 30, crypto data analysis agency Santiment released data on social media on "the percentage of the total upper limit of some of the most mainstream altcoins currently held by the 10 largest wallets", as follows: MATIC: 69.4% SHIB: 61.2% UNI: 50.8% PEPE: 46.1% ETH: 44.0% USDT: 33.1% LINK: 31.1% TON: 27.5% DAI: 24.5% USDC: 19.0% Santiment said that several factors affect whether the holdings of assets in whale wallet addresses are highly concentrated or low. For example, early adopters or project insiders may hold a large amount of funds, resulting in high concentration (such as TON). Or the token could be used heavily for staking or governance, requiring validators to hold a large amount of tokens (as is the case with Ethereum and its ETH 2.0 deposit contract, which currently holds 35.4% of the supply) Additionally, tokens that are widely distributed via airdrops or community rewards may have a more decentralized distribution (such as Arbitrum).