Data shows that Ethereum billionaire-sized wallets now control almost one-third of the entire supply, the highest level since 2016.
Ethereum Addresses With At Least 1 Million ETH Now Hold 32.3% Of Supply
According to data from the on-chain analytics firm Santiment, the Ethereum whales with more than 1 million ETH have grown their holdings recently. The relevant indicator here is the “Supply Distribution,” which keeps track of the percentage of the Ethereum supply that each investor group is holding currently.
The holders or addresses are divided into these groups based on the number of coins that they are carrying in their balances. The 100-1,000 coins cohort, for instance, includes all investors who own at least 100 and at most 1,000 ETH.
In the context of the current discussion, the Ethereum investors with 1 million or more ETH are of interest. At the current exchange rate, this threshold amount is worth just under $1.6 billion.
As such, this group includes the largest of the wha
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