Ethereum whales hold a record 57.35% of all ETH supply.
Mid-tier wallets (100-100K ETH) hit a record-low supply ratio of 33.46%.
Small wallets (<100 ETH) hold only 9.19%, the lowest since January 2021.
Ethereum whale wallets now control 57.35% of ETH’s total supply. This surge marks a bullish signal for the market as 104 whale wallets collectively hold approximately $333.1 billion worth of ETH tokens.
There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently sit at 57.35% of all existing ETH tokens, currently worth ~$333.1B.
Meanwhile, wallets with 100-100K hold their lowest ratio of supply in history, 33.46%. And sub-100 ETH… pic.twitter.com/9qDN3lotQy
— Santiment (@santimentfeed) December 17, 2024
Ethereum Supply Dynamics Shift Towards Whale Concentration
Wallets with at least 100K ETH have reached an all-time high in ownership. Meanwhile, wallets with 100-100K ETH dropped to an all-time low of 33.46%. Smaller wallets with less than 100 ETH are at a near 4-year low of 9.19%. Analysts see this concentration among big players as a good sign for Ethereum’s future. Ethereum’s use in DeFi and staking …
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