Data: MATIC’s top currency holding addresses hold nearly 70% of the total tokens

BlockBeats news, on August 30, the encryption data analysis agency Santiment released the data on social media "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%

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 the holdings of assets in whale wallet addresses are highly concentrated or low. For example, early adopters or project insiders may hold large amounts of funds, resulting in high centralization (e.g. TON). Or the token may be used heavily for staking or governance, requiring validators to hold large amounts 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 (e.g. Arbitrum).