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Centralization: 104 ‘whale’ wallets hold more than 57% of all Ethereum
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The portfolios of Ethereum whales reached an unprecedented level, collectively holding around 57% of all ETH in circulation. This is the highest level of concentration in the entire nine-year history of the asset.
The data, shared by the company Santiment, which specializes in analyzing cryptocurrency metrics, caught the attention of investors.
According to platform data, 104 whale wallets hold 100,000 ETH or more. An amount of approximately US$333 billion in assets, considering the current price of Ethereum.
According to data collected by the on-chain analysis platform, small investors have been reducing their positions in Ethereum. The data presented by Santiment highlights that wallets holding between 10 and 100,000 ETH fell to an all-time low of 33.5%.
Ethereum Whales
About that, those with less than 100 ETH hold just 9.19% of the total available Ethereum supply. This is the lowest participation in almost four years.
Furthermore, the trend of withdrawals among small investors and the concentration of large volumes of Ethereum also raises many concerns. This is because for the first time whales now hold majority control of a significant amount of Ethereum network tokens. As a result, any movement in them may result in fluctuations in the value of the cryptocurrency.
The movement of whales may be related to the growth of addresses registered by the Ethereum network. Only in December around 130 thousand addresses were registered on the platform daily. The numbers, also presented by Sentiment, indicate that this is the eighth consecutive month of growth.
Despite the continued growth of new registrations, December is already the largest in terms of volume of addresses registered since April.
As the price of Ethereum stabilizes above US$4,000analysts are increasingly predicting that he could surpass its record level of $4,891, achieved in November 2021, in the first quarter of 2025.
This optimism is fueled by the recent market disinflation and growing confidence among investors, reinforced now by the information that whale portfolios continue to accumulate Ether.
Centralization: 104 ‘whale’ wallets hold more than 57% of all Ethereum
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Centralization: 104 ‘whale’ wallets hold more than 57% of all Ethereum
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Centralization: 104 ‘whale’ wallets hold more than 57% of all Ethereum
