Data: The market value of tokens held by the top ten wallets of MATIC accounts for 69.9% of the total market value

ChainCatcher message, on-chain analysis platform Santiment disclosed the total market value proportion of tokens held by the top ten wallet addresses of altcoins.

Specific data:

• Polygon (MATIC): 69.4%
• Shiba Inu (SHIB): 61.2%
• Uniswap (UNI): 50.8%
• Pepe (PEPE): 46.1%
• Ethereum (ETH): 44.0%
• Tether (USDT): 33.1%
• Chainlink (LINK): 31.1%
• Toncoin (TON): 27.5%
• Multi Collateral Dai (DAI): 24.5%
• USD Coin (USDC): 19.0%

Santiment stated that high concentration may stem from early adopters holding a large number of tokens, or the need for substantial holdings in staking and governance. Tokens with broad distribution (such as Arbitrum) may be more evenly distributed.