I was shocked today by a set of data:
Currently, over half of the ETH is controlled by 104 whale wallets. Specifically, these 104 addresses holding at least 100,000 Ethereum account for 57.35% of all existing ETH tokens, with the current market value of Ethereum at around 333.1 billion USD.
Meanwhile, the supply ratio of wallets holding 10,000 to 100,000 ETH is at a historical low of 33.46%. The supply ratio of wallets holding less than 100 ETH is 9.19%, a new low in nearly 4 years.
It's hard to say what impact this situation will have on ETH's price; if the whales band together to speculate, Ethereum's price could skyrocket.
But if everyone stops playing with ETH, who will take over in the end?
However, the early Ethereum whales never cared about retail investors, and the Cardano $ADA that has hardly been used has no performance and no users, and there are almost no ecological projects.
But it doesn't affect their consistent top ten market value, because the founder of $ADA is one of the earliest players in Ethereum: Charles Hoskinson
Although Ethereum has recently surged and broken through the 4000 USD mark.
But this price is not only not a historical high, but it is also just about equal to the level at the beginning of the year during the Cancun upgrade.
After the spotlight on Ethereum during the Cancun upgrade in the first half of the year, although it completed the issuance of spot ETFs, it was severely impacted by Solana's meme offensive.
At the end of the year, this wave driven by new crypto policies breaks through the 4000 USD mark again, not sure if it can maintain this strong momentum in the future:
Ethereum has finally surpassed its old rival SOL in terms of monthly increase in December based on its performance in the last 30 days, even exceeding the big brother BTC:
ETH's increase in the last 30 days: +26.96%
BTC's increase in the last 30 days: +17.49%
SOL's increase in the last 30 days: +1.61%
