{"id":49921,"date":"2025-09-03T12:30:11","date_gmt":"2025-09-03T09:30:11","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=49921"},"modified":"2025-09-03T10:21:58","modified_gmt":"2025-09-03T07:21:58","slug":"warning-these-8-altcoins-are-controlled-by-whales-a-large-portion-of-the-supply-is-held-in-a-few-wallets","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/warning-these-8-altcoins-are-controlled-by-whales-a-large-portion-of-the-supply-is-held-in-a-few-wallets\/","title":{"rendered":"Warning: These 8 Altcoins Are Controlled by Whales! A Large Portion of the Supply Is Held in a Few Wallets"},"content":{"rendered":"<p>A new report has been published that raises concerns about centralization in the cryptocurrency market. Onchain analytics platform Santiment revealed that in some popular altcoins, a significant portion of the supply is concentrated in the hands of just a few large wallets.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/warning-these-8-altcoins-are-controlled-by-whales-a-large-portion-of-the-supply-is-held-in-a-few-wallets\/#Altcoins_Dominated_by_Whales\" title=\"Altcoins Dominated by Whales\">Altcoins Dominated by Whales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/warning-these-8-altcoins-are-controlled-by-whales-a-large-portion-of-the-supply-is-held-in-a-few-wallets\/#Centralization_Concerns_and_Risks\" title=\"Centralization Concerns and Risks\">Centralization Concerns and Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/warning-these-8-altcoins-are-controlled-by-whales-a-large-portion-of-the-supply-is-held-in-a-few-wallets\/#Focus_on_the_Ethereum_Ecosystem\" title=\"Focus on the Ethereum Ecosystem\">Focus on the Ethereum Ecosystem<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Altcoins_Dominated_by_Whales\"><\/span>Altcoins Dominated by Whales<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Santiment\u2019s data, supply distribution is heavily whale-controlled, particularly in altcoins tied to the <strong>Ethereum<\/strong> ecosystem. Here are the standout tokens and the percentage of supply held by the top 10 wallets:<\/p>\n<ul>\n<li>Shiba Inu (SHIB): 62.3%<\/li>\n<li>Uniswap (UNI): 52.2%<\/li>\n<li>Ethereum (ETH): 51.0%<\/li>\n<li>Tether (USDT): 40.5%<\/li>\n<li>Pepe (PEPE): 39.4%<\/li>\n<li>Chainlink (LINK): 31.5%<\/li>\n<li>Dai (DAI): 31.0%<\/li>\n<li>USD Coin (USDC): 28.6%<\/li>\n<\/ul>\n<p>At the top of the list, Shiba Inu (SHIB) stands out, with nearly two-thirds of its total supply controlled by only 10 wallets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Centralization_Concerns_and_Risks\"><\/span>Centralization Concerns and Risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Santiment warns that this situation poses risks for investors because whales controlling such large amounts of tokens can lead to:<\/p>\n<ul>\n<li>Sharper price fluctuations,<\/li>\n<li>Sudden selling pressure,<\/li>\n<li>Renewed debates about centralization.<\/li>\n<\/ul>\n<p>The report also highlights that three of the eight tokens listed are stablecoins (USDT, USDC, DAI), a striking detail that shows even supposedly stable crypto assets can be under heavy influence from a small number of addresses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Focus_on_the_Ethereum_Ecosystem\"><\/span>Focus on the Ethereum Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All of the tokens mentioned in Santiment\u2019s report are Ethereum-based projects. This raises further questions about the structure of the Ethereum network in the ongoing decentralization debate.<\/p>\n<p>This report reminds investors that when building a portfolio, they should look beyond price action and pay attention to onchain data and supply distribution. Projects heavily dominated by whales may carry higher investment risks.<\/p>\n<p>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new report has been published that raises concerns about centralization in the cryptocurrency market. Onchain analytics platform Santiment revealed that in some popular altcoins, a significant portion of the supply is concentrated in the hands of just a few large wallets. Altcoins Dominated by Whales According to Santiment\u2019s data, supply distribution is heavily whale-controlled,<\/p>\n","protected":false},"author":37,"featured_media":49924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,393,2883,840,847,58,5760],"class_list":["post-49921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-crypto","tag-crypto-analysis","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warning: These 8 Altcoins Are Controlled by Whales! 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