Santiment: Stablecoin USD Coin Top 10 Wallets Hold 27% of Total Token Supply

Santiment, an on-chain analytics firm, disclosed data on the X platform that the top ten wallets of stablecoin USD Coin hold 27% of the total token supply, while Chainlink's top ten wallets hold about 32% of the total token supply, compared to Shiba Inu, which is the most centralized, and its top ten wallets hold up to 62% of the total token supply. Santiment reminds that as retail traders, coins with whales holding a smaller proportion of the total supply are usually safer, because even if whales of an asset decide to position squaring, there is less risk of sudden selling or price manipulation.