The Altcoin industry resolves the decentralization aspect of the blockchain trilemma in recent years. The scalability and security aspects that have been resolved by layer one and diaper chains, the distribution of altcoins to reach higher decentralization was a work in progress in most projects.
The use of Play-to-Grops (P2A) has taken a significant momentum in the Gamifi sector. However, control of Altcoin projects by whale investors remains obvious in most tokens.
Shiba Inu leads in the whale control
According to the analysis of data on the chain by santly, Shiba Inu (Shib), the main same of the Ethereum (ETH) ecosystem, has the highest level of whale control in higher altcoins. More specifically, 61.3% of the assets in total circulation are held by the 10 best portfolios.
With more than 41% of the total Shib’a already burned, 61.3% of the remaining 59% are a large proportion in the hands of whale investors. According to Santiment, the enormous sword of Shib by whale investors is a double -edged sword that each retail merchant should watch closely.
On the one hand, the enormous switch control by whale investors infuses confidence in the theme of the dog. On the other hand, a potential sale by whales could be catastrophic for the same.
Other altcoins
According to Santiment, 46% Ethereum (ETH) is held by the first ten wallets, which also represents a considerable threat. Meanwhile, ChainLink (link) and Toncoin (tone) have more uniform propagation of the total offer with whale investors of around 33.1% and 32.8% respectively.