As the centralization issues of altcoins continue to spark controversy in the crypto community?

A recent report revealed the holdings of some large altcoin holders.

The cryptocurrency on-chain analysis platform Santiment shared on its X account

the total supply percentage held by the top 10 wallets of some important altcoins, including Ethereum, LINK, and Shiba Inu.

Among them, Santiment pointed out that the top 10 holders of Shiba Inu

almost control nearly 62% of the supply of that coin.