Data: The top addresses holding MATIC, SHIB, and UNI tokens exceed 50%

2024-08-30 09:38:17

Collection

ChainCatcher news, the crypto data analysis firm Santiment released data on the X platform regarding "the percentage of total supply held by the 10 largest wallets currently holding some of the most mainstream altcoins," 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 assets in whale wallet addresses are highly concentrated or low. For example, early adopters or insiders of a project may hold a large amount of funds, leading to high concentration (such as 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). Additionally, tokens that are widely distributed through airdrops or community rewards may have a more decentralized distribution (such as Arbitrum).

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SHIB UNI MATIC

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