Concentration of Top 10 Wallets in Major Altcoins
- Shiba Inu ($SHIB): 61.3% of supply held by top 10 wallets.
- Ethereum ($ETH): 46.1% of supply held by top 10 wallets.
- Chainlink ($LINK): 33.1% of supply held by top 10 wallets.
- Toncoin ($TON): 32.8% of supply held by top 10 wallets.
Shiba Inu demonstrates significant market control by a few holders, with 61.3% of its supply concentrated in the top 10 wallets, posing potential risks for smaller investors. In contrast, Ethereum, Chainlink, and Toncoin have a more decentralized supply distribution.
Source (2.6)https://insights.santiment.net/read/there-are-a-lot-of-differences-between-altcoins-when-it-comes-to-centralization-8450
