Odaily Planet Daily News Crypto data analysis agency Santiment released data on the X platform on the "Percentage of the total cap 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 there are several factors that 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 can be used in large quantities for staking or governance, requiring validators to hold a large number of tokens (as is the case with Ethereum and its ETH 2.0 deposit contract, which currently holds 35.4% of the supply). In addition, tokens that are widely distributed through airdrops or community rewards may have a more decentralized distribution (such as Arbitrum).

#MATIC #SHIB #ETH #USDT