The Titans of Ethereum: Who Holds the Lion’s Share of ETH?
Bitcoin.com News recently investigated the top ten bitcoin addresses to uncover their owners. Now, let’s turn our attention to the ten titans of ethereum and the volume of ether they possess. Here are the key points:
- The Beacon Chain deposit contract address holds the highest amount of ETH, with 29,323,040 ETH, representing 24.39% of the total supply.
- The Wrapped Ether contract address safeguards 2.62% of the ETH supply, equivalent to 3,149,676 ether.
- Binance, the crypto trading giant, ranks third with its vault amassing 1,996,008 ether, accounting for 1.66% of ETH’s wealth.
- Kraken’s address holds 1,598,924 ether, capturing 1.33% of the circulating coins.
- The alleged Robinhood ETH vault holds 1,493,001 ethereum, securing the fifth spot.
Examining the top ten wallets, Binance possesses the third, seventh, and eighth largest ETH wallets, collectively safeguarding 3,451,821 ether. Bitfinex, with its two wallets, controls 878,172 ether. Overall, the top 100 addresses control 46.94% of the total ETH supply, with the Beacon Chain address alone representing 24.39%.
Hot Take
The concentration of ETH in a small number of wallets raises concerns about centralization and the potential for market manipulation. It is crucial for the crypto community to promote decentralization and ensure a more equitable distribution of wealth within the Ethereum ecosystem.
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