Analysis: The top ten wallets of SHIB, ETH, LINK and TON hold more than 30% of the total

Odaily News Santiment said in a post on X: “Here are the percentages of total supply held by the top 10 largest wallets for the four largest altcoins in crypto by market cap:
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 large portion of the total supply of a cryptocurrency, it means that a small number of holders have considerable control over the market. If these wallets decide to sell, it could cause a sharp drop in price, creating greater risk for small investors.
However, if these large holders continue to hold or accumulate, this often indicates confidence in the project and can actually reward traders who collectively have less power and are more dependent on the actions of a few major stakeholders. Regardless, it is important to remember that this level of concentration can make a token more volatile, as a small number of participants have the ability to influence price action.
On the other hand, a more evenly distributed supply is generally seen as more beneficial for the long-term stability of cryptocurrencies. Lower concentration means that no single entity can have a huge impact on the market alone, which builds trust among investors. Generally speaking, most investors prefer a more decentralized ownership structure because 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, people generally have more confidence in the price stability of an asset.”