MATIC top holding addresses account for nearly 70% of the total tokens
BlockBeats News, on August 30, cryptocurrency data analysis firm Santiment released data on social media regarding the percentage of total supply held by the "10 largest wallets currently holding some of the most mainstream altcoins," which is 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 stated that several factors can influence whether the holdings of an asset in whale wallet addresses are highly concentrated or not. For example, early adopters or insiders of a project may hold a significant amount of funds, leading to high concentration (e.g., TON). Alternatively, the token may be heavily used 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). Furthermore, tokens that are widely distributed through airdrops or community rewards may have a more decentralized distribution (e.g., Arbitrum).
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