TechFlow news, cryptocurrency data analytics firm Santiment has published on X platform the data showing "the percentage of total supply held by the 10 largest wallets for 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 noted that several factors can influence whether holdings in whale wallet addresses are highly concentrated or low. For instance, early adopters or project insiders may hold large amounts of tokens, leading to high concentration (e.g., TON). Alternatively, tokens heavily used in staking or governance may require validators to hold large quantities (such as Ethereum and its ETH 2.0 deposit contracts, which currently hold 35.4% of the supply). Additionally, tokens widely distributed through airdrops or community rewards may have a more decentralized distribution (e.g., Arbitrum).
