According to @AltcoinGordon, the top $JUGS wallet holds 38% of the supply, the token supply is locked for 69 years, and the second-largest wallet is designated as a rewards wallet; source: @AltcoinGordon on X, 2025-08-24 https://twitter.com/AltcoinGordon/status/1959541422375264614. For trading, the reported 38% ownership concentration implies lower circulating float and potentially higher price impact and slippage on DEXs during larger orders, making liquidity depth and spot-volatility monitoring critical; source: @AltcoinGordon on X, 2025-08-24 https://twitter.com/AltcoinGordon/status/1959541422375264614. Risk management takeaway: track on-chain flows from the top holder and rewards wallet for distribution events that could trigger sell pressure, and adjust position sizing and execution strategies accordingly; source: @AltcoinGordon on X, 2025-08-24 https://twitter.com/AltcoinGordon/status/1959541422375264614.

According to Santiment, the concentration of holdings among the top 10 wallets is notably high in Shiba Inu (SHIB) with 61.3% of the total supply, which could imply a risk of increased price volatility due to potential large sell-offs. In Ethereum (ETH), 46.1% of the supply is held by the top wallets, suggesting a relatively more decentralized distribution compared to SHIB. Chainlink (LINK) and Toncoin (TON) show similar centralization levels with 33.1% and 32.8% respectively, indicating moderate risk levels. Traders should consider these concentrations when assessing market stability and potential investment risks.