Top 10 Wallets Control 62.3% of Shiba Inu and 51% Ethereum Supply, Santiment Data Shows

• Shiba Inu top 10 wallets control 62.3% of the supply.
• Ethereum and Uniswap wallets each hold more than half of the total supply.
• Stablecoins like USDC and DAI exhibit a broader distribution, with values below 32%

Shiba Inu largest wallets hold more than 62% of the token’s supply, according to Santiment. The crypto analytics platform released fresh data showing supply concentration across leading Ethereum-based assets.

Shiba Inu Holds the Highest Concentration

Santiment reported that the top 10 wallets controlling Shiba Inu own 62.3% of the token’s supply. The meme-inspired cryptocurrency ranked first among the tokens reviewed for centralization of holdings.

Related: Crypto’s Deepest Pockets Are All Making the Same Bet Right Now – Ethereum

This level of concentration means a small number of addresses command the majority of SHIB’s supply, potentially influencing market liquidity and trading activity.

Top 10 Largest SHIB Holders: A Quick Overview

Etherscan data shows that the top SHIB holders include the official burn address, major exchanges, and unidentified wallets.

• 1: Burn address (0xdEA…42069) — 410.43T SHIB (Ethereum found…

The post Top 10 Wallets Control 62.3% of Shiba Inu and 51% Ethereum Supply, Santiment Data Shows appeared first on Coin Edition.