- $SHIB tops with 62.3% of supply held by the top 10 addresses.
- Uniswap shows 52.2% concentration among its largest wallets.
- $USDC remains the least centralized at 28.6% whale dominance.
As of 12:32 AM +04 on September 3, 2025, a detailed analysis from Santiment (@santimentfeed) reveals the staggering concentration of ETH-based assets in the hands of the top 10 largest addresses. $SHIB leads with 62.3% of its supply held by these whales, followed by $ETH at 51.0%, and UNI at 52.2%. Other assets like $USDT (40.9%), $PEPE (39.4%), $LINK (31.5%), $DAI (31.0%), and $USDC (28.6%) also show significant centralization. This data, tracked via app.santiment.net, underscores the influence of large holders in the Ethereum ecosystem, with Uniswap’s 52.2% concentration among the top 10 wallets raising eyebrows.
The accompanying chart highlights a steady trend, with $SHIB and Uniswap showing the highest whale dominance. This concentration suggests potential volatility, as large holders can sway prices with minimal movement. The 31.0% hold by $DAI’s top addresses and 28.6% for $USDC indicate a slightly more distributed supply, yet the overall pattern points to a market driven by a select few. Santiment’s data, viewed 24K times, offers a real-time pulse on whale activity, critical for traders navigating this landscape.
This centralization isn’t new but reflects a broader trend in DeFi, where liquidity and control often concentrate among early adopters or institutional players. For investors, this could signal both opportunity and risk—whale movements might trigger pumps or dumps. The 62.3% $SHIB hold, for instance, could mean a single sell-off could crash its market, while UNI’s 52.2% dominance might stabilize or destabilize its ecosystem depending on whale intent.
As the crypto market evolves, monitoring whale behavior remains key. With Ethereum’s ecosystem powering much of DeFi, these figures highlight the need for diversification and caution. The data serves as a reminder that while decentralization is the ethos, reality often tilts toward concentrated power. Stay tuned as Santiment continues to track these shifts.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
