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Data: SHIB's top ten wallets hold 61.3% of its total supply "

According to online reports, Sanitation released the total supply of the top ten altcoins with the four largest market capitalisation among the cryptocurrencies on the X platform: SHIB: 61.3% of the total supply ETH: 46.1% of the total supply LINK: 33.1% of the total supply TON: 32.8% of the total supply When the top 10 wallets hold a large portion of the total supply of cryptocurrencies, such as 61% of Shiba Inu, this means that a small number of holders have a lot of control over the market. If the wallets decide to sell, it could cause prices to fall significantly, posing greater risks to smaller investors. However, if these large holders continue to hold or increase their holdings, it usually shows that they are confident in the project and may actually yield rewards to traders who collectively hold less power and rely more on the actions of a few key stakeholders. On the other hand, a more evenly distributed supply such as 46% for Ethereum, or 33% for Chainlink and Toncoin, is generally considered more conducive to long-term stability of cryptocurrencies. Lower concentration means that no single entity alone can significantly influence the market, which builds trust among investors. In general, most investors prefer a more decentralized ownership structure because it reduces the possibility of manipulation and makes the market more predictable.

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