Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
Crypto Potato 2025-02-07 08:51:56

Shiba Inu’s Supply Raises Concerns, Chainlink and Toncoin Display Healthier Metrics

Shiba Inu’s Supply Raises Concerns, Chainlink and Toncoin Display Healthier Metrics

The concentration of crypto holdings among large wallets plays an important role in market stability and investor confidence. Recent data highlights a significant disparity in supply distribution across major altcoins, with Shiba Inu exhibiting notably high concentration levels. While Ethereum follows closely behind, Chainlink and Toncoin present a more balanced distribution, which suggests a healthier market trend. Crypto Whale Holdings Santiment’s latest analysis reveals the concentration of cryptocurrency holdings among the top 10 largest wallets for four major altcoins, highlighting the potential risks and stability factors in the market. Popular meme coin Shiba Inu (SHIB) has the highest concentration, with 61.3% of its total supply held by its top 10 wallets. This suggests a high level of centralization, where a few large holders, or “whales,” exert significant control over market movements. If these entities decide to sell, it could trigger steep price declines, which, in turn, would increase risk for smaller investors. On the other hand, Ethereum (ETH) shows a lower concentration at 46.1%, followed by Chainlink (LINK) at 33.1% and Toncoin (TON) at 32.8%. A lower percentage of supply in the hands of top holders generally indicates a more decentralized distribution, which can enhance market stability and reduce the likelihood of price manipulation. When ownership is more evenly spread, no single entity has the power to dictate market trends, thereby boosting greater investor confidence. However, large holders maintaining or increasing their positions can signal long-term confidence in a project, which may positively impact price stability. While high concentration can pose risks, it can also serve as an indicator of whale confidence if these holders choose to retain their assets. “When too much supply is in the hands of a few, smaller holders may feel at a disadvantage, but when supply is more balanced, there’s usually more confidence in the asset’s price stability.” Crypto Market Correction On the price front, Ethereum has shed more than 4% over the past 24 hours and is currently trading below $2,800. Following a similar market correction, Chainlink was trading near $18.80. Toncoin lost a little over 3% over the past day but managed to keep steady above $3.70. Meanwhile, Shiba Inu was the largest loser among the lost as the meme coin declined by over 6% during the same period, hovering near $0.0000149. The post Shiba Inu’s Supply Raises Concerns, Chainlink and Toncoin Display Healthier Metrics appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
433
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.