Here’s how much percentage of the total circulating supply the 10 largest Ethereum whales hold, according to on-chain data.
Ethereum’s Top 10 Addresses Have Only Continued To Grow Their Holdings Recently
In a new post on X, the on-chain analytics firm Santiment has revealed how much percentage of the total supply is held by the ten largest Ethereum wallets right now.
Here is the chart that displays this metric, as well as how it has changed during the past few years:
As displayed in the above graph, the percentage of the total circulating supply held by these whales was only 11.2% around five years ago. Since then, however, they have constantly expanded their holdings and now hold 34.6% of the supply.
Currently, 34.6% of the supply means that they hold 27.86 million ETH, which is equivalent to about $51.6 billion. Five years ago, the ETH supply appears to have been more spread out among the investors, but now it looks to be continually getting more concentrated on these ten bigges
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