PANews reported on August 30 that the crypto data analysis agency Santiment released the data on "The total supply of some mainstream altcoins held by the 10 largest wallet addresses" on the X platform. The details are 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 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 in large quantities, requiring validators to hold a large number of tokens (as is the case with Ethereum and its ETH2.0 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).
