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<ul class="wp-block-list news-points"> 
 <li>Santiment posted a list of top crypto projects with the top ten wallets having massive holdings.</li> 
 <li>Polygon (MATIC) topped the list with the top 10 wallets holding 69.4% of the supply.</li> 
 <li>Circle USDC was the last in the list, with top 10 wallets holding 19% of the supply.</li> 
</ul> 
Blockchain analysis platform Santiment revealed the centralization of blockchain networks and the concentration of tokens held by top wallets. The report <a href="https://x.com/santimentfeed/status/1829294975139639561" target="_blank" rel="nofollow">highlighted the top ten</a> most popular cryptocurrencies and analyzed the percentage of supply controlled by the top ten addresses. 
Polygon (MATIC) emerged as the most centralized, with the top ten addresses holding 69.4% of the supply. This was followed by Shiba Inu (SHIB) at 61.2%, Uniswap (UNI) at 50.8%, Pepe (PEPE) at 46.1%, Ethereum (ETH) at 44.0%, Tether (USDT) at 33.1%, and Chainlink (LINK) at 31.1%. 
The altcoins with the least centralization, as highlighted by Santiment, include Toncoin (TON) at 27.5%, Multi Collateral Dai (DAI) at 24.5%, and USD Coin (USDC) at 19.0%. The blockchain analysis platform noted that there are several factors capable of influencing whether “an asset has a high or low concentration of holdings among top wallet…
The post <a href="https://coinedition.com/top-10-most-centralized-cryptos-should-you-be-worried/">Top 10 Most Centralized Cryptos: Should You Be Worried?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Top 10 Most Centralized Cryptos: Should You Be Worried?

Coin Edition

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