I’m not interested in the $CANTON token whatsoever and this is just one of the reasons. I think influencers pitching Canton token either DON’T know or DON’T understand what it actually means when just 100 wallets own 89% of the supply! That’s 100 out of a total of 930,000 wallets that own 89% of the $CANTON supply! So 89% of the supply is owned by 0.0001% of the wallets. That is fxxxing INSANE!! In plain English this means you will get dumped on for the rest of your life! I honestly don’t know if I’ve ever seen something so bad! See proof below!!👇 Grayscale S-1 filing (primary source)In its June 5, 2026 S-1 registration statement for the proposed Grayscale Canton ETF (filed with the SEC), Grayscale disclosed: sec.gov “As of the date of this filing, the largest 100 CC wallets held approximately 89% of the CC in circulation. Moreover, it is possible that other persons or entities control multiple wallets that collectively hold a significant amount of CC... As a result of this concentration of ownership, large sales or distributions by such holders could have an adverse effect on the market price of CC.” The filing also notes that while there was no pre-mine or pre-sale (tokens are earned via network utility under a burn-and-mint model), early participants (especially Super Validators and application providers) have accumulated significant balances. Circulating supply was cited around ~38.2 billion CC as of March 31, 2026 in related materials.This figure was widely reported in coverage of the filing (e.g., Stocktwits/NewsBreak headlines specifically calling out “100 wallets hold 89% of supply”). newsbreak.com Independent on-chain analysesAn October 2026 aggregation of active CC contracts from Super Validator scan data (520k contracts, ~197k parties, ~39.8B CC) reported: Top 10 parties ~31%, Top 100 ~85%, Top 1,000 ~99.7%. The remaining ~196k parties shared ~0.3%. @mariuslsmith Related commentary has referenced the same ~85% top-100 figure against ~39.5B circulating supply. Canton Network is a public-permissioned institutional blockchain (backed by firms such as Goldman Sachs, Citadel Securities, Visa, Broadridge, Tradeweb, and others). Supply is concentrated among Super Validators and early network participants due to the reward structure (heavy early allocation to Super Validators). Top-holder trackers and leaderboards exist (e.g., on sites showing individual large balances in the hundreds of millions to over 1B CC), consistent with high concentration.Note: These figures reflect circulating supply at the time of the statements (mid-to-late 2026). Exact percentages can shift with ongoing minting, burns, locking (e.g., Super Validator requirements), and transfers. The Grayscale disclosure is the most formal/official source explicitly stating the “100 wallets / ~89%” claim. $QNT $XRP