According to ChainCatcher, crypto data analysis agency Santiment released data on the X platform 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%

BABY：46.1%

ETH：44.0%

USDT：33.1%

LINK：31.1%

TON：27.5%

FROM：24.5%

USDC：19.0%

Santiment said that several factors affect whether an asset is highly concentrated or low in whale wallet addresses. 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 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).