Which Altcoins Does the Top 10 Wallet Hold? "Santiment Gives Four Altcoin Names!"

Despite the sharp declines in Bitcoin and altcoins in recent days due to the strong selling pressure, known as whales in the crypto world took advantage of the drop and made purchases in many altcoins.

As purchases continue, popular analysis platform Santiment revealed the altcoins held by the top 10 wallets.

Santiment emphasized that the largest 10 wallets hold 61.3% of the total supply of the popular memecoin Shiba Inu and that SHIB has the highest whale control.

Santiment, indicating that more than 41% of the total supply of SHIB has already been depleted, stated that 61.3% of the remaining 59% is held by whales, emphasizing that this is a significant proportion.

According to Santiment, whale investors' massive control over SHIB is a critical data that the retail investor should watch closely, while the fact that whale investors control SHIB to a large extent instills confidence in SHIB. On the other hand, a possible sale by whales could be disastrous for the memecoin. It can increase volatility." Said.

On the other hand, Santiment stated that if whales continue to hold or accumulate, this could signal confidence in SHIB and be positive for the price.

Santiment also revealed other altcoins that are mostly held by the top 10 wallets. According to this, Ethereum (ETH) is held in the largest ten wallets at a rate of 46%, which poses a significant threat to the price.

Chainlink (LINK) and Toncoin (TON) have a more equal distribution of total supply, with whale investors accounting for approximately 33.1% and 32.8%, respectively.

"Here are the percentages of total supply assets of the top 10 wallets with the largest four altcoin market values in the cryptocurrency market:"

Shiba Inu – SHIB: 61.3%

Ethereum - ETH: 46.1%

Chainlink – LINK: 33.1%

Toncoin - TON: 32.8%

... When there is too much supply in the hands of a few people, smaller investors may feel disadvantaged; however, when the supply is more balanced, there is usually more confidence in the price stability of the asset.

📊 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… pic.twitter.com/RY5uUcbKI8

— Santiment (@santimentfeed) February 7, 2025