There Are a LOT of Differences Between Altcoins When it Comes to Centralization...

📊 Here are the percentage of total supply holdings of the top 10 largest wallets for four of the largest altcoin market caps in crypto:

😟 Shiba Inu $SHIB: 61.3% of Supply

😐 Ethereum $ETH: 46.1% of Supply

😎 Chainlink $LINK: 33.1% of Supply

😎 Toncoin $TON: 32.8% of Supply

When the top 10 largest wallets hold a big portion of a cryptocurrency's total supply, like Shiba Inu at 61%, it means a small number of holders have significant control over the market. If these wallets decide to sell, it can cause sharp price drops, creating greater risks for smaller investors.

However, if these large holders keep holding or accumulating, it generally signals confidence in the project and can actually reward traders who collectively hold less power, and rely more heavily on the behavior of a few large key stakeholders. Regardless, it's important to remember this level of concentration can make a coin more volatile, as a few players have the power to influence price movements.

On the other hand, a more evenly spread supply, like Ethereum’s 46% or Chainlink & Toncoin's 33%, is usually seen as healthier for the long-term stability of a cryptocurrency. A lower concentration means that no single entity can drastically impact the market on their own, which builds trust among investors. In general, most investors prefer a more decentralized ownership structure since it reduces the chances of manipulation and makes the market more predictable.

When too much supply is in the hands of a few, smaller holders may feel at a disadvantage, but when supply is more balanced, there’s usually more confidence in the asset’s price stability. You can monitor the ratio of the top 10 holders for your favorite altcoins here, and toggle between coins using the top left asset icon. Let us know if you make any interesting discoveries of your own!