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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 .
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AA News Crypto News Chainlink (LINK) Price Ethereum (ETH) Price Shiba Inu (SHIB) Toncoin (TON)
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Kraken’s U.S. crypto tax guide 2025: All you need to know for U.S. crypto tax season
In a recent Kraken survey, 84% of surveyed crypto holders expressed concerns about tax laws affecting their returns. As tax season rolls around, crypto investors in the U.S. need to be aware of their tax obligations. Kraken’s U.S. crypto tax guide 2025 has all the information you need to stay compliant as you file your 2024 tax year taxes. What you’ll find in Kraken’s U.S. crypto tax guide 2025 To help you navigate the complexities of crypto taxation, Kraken has put together a comprehensive guide covering the key topics you need to understand before filing your taxes: 1. How the IRS classifies crypto As far as the IRS is concerned, crypto isn’t cash — it’s property. That means buying, selling and even spending digital assets could result in taxable events. The guide breaks down the difference between taxable and non-taxable transactions so you know what to report. 2. Capital gains vs. Income tax on crypto Whether your crypto is subject to capital gains tax or ordinary income tax depends on how you acquired it. The guide explains how different activities — such as trading, mining, or earning staking rewards — are taxed. 3. Tracking and reporting crypto transactions Keeping accurate records is essential for calculating your tax liability. The guide provides insights into: How to determine your cost basis (the original price of your crypto) What happens when you sell, trade or gift crypto The tax implications of moving crypto between wallets and exchanges 4. Common tax mistakes to avoid Many crypto investors make avoidable mistakes, such as misreporting transactions or overlooking taxable events. Our guide highlights these pitfalls and offers tips to ensure you file correctly. 5. Tax reporting tools and strategies The guide also explores crypto tax software and other tools that can help automate calculations, generate reports, and make filing your taxes easier. Why this matters The IRS treats cryptocurrencies like Bitcoin , Ethereum and even NFTs as property , which means that many transactions – whether you’re trading, staking or receiving an airdrop – can have tax consequences. Failing to report these transactions correctly can lead to substantial penalties, so understanding how crypto is taxed is more important than ever. With tax laws evolving, our U.S. crypto tax guide 2025 can help you understand your obligations, stay on the right side of U.S. crypto tax law and potentially minimize your tax burden. Ready to dive deeper? Click below and get ahead of tax season before the April 15 deadline! Kraken’s U.S. crypto tax guide 2025 These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post Kraken’s U.S. crypto tax guide 2025: All you need to know for U.S. crypto tax season appeared first on Kraken Blog . Crypto Potato
Join the Exclusive Token of Love Hong Kong Music Festival: Secure Your Spot for a VIP Experience with Gate.io!
According to COINOTAG News, the highly anticipated “Token of Love Hong Kong Music Festival”, organized by Gate.io, is set to launch on February 19, 2025. This event promises to be Crypto Potato
