Data: Currently, there are 104 whale wallets holding at least 100,000 Ethereum, accounting for 57.35% of the existing Ethereum
Santiment posted on platform X that currently, there are 104 whale wallets holding at least 100,000 Ethereum each. Their total holdings account for 57.35% of all existing Ethereum tokens, worth approximately $333.1 billion USD. Meanwhile, the supply ratio of wallets holding between 10 and 100,000 is at a historical low of 33.46%. Wallets with less than 100 ETH have a supply ratio of just 9.19%, hitting a near four-year low.
It's important to note that more and more Ethereum wallets are made up by DeFi and staking wallets but when the most critical stakeholders of a coin continue to accumulate it usually remains as a bullish long-term signal especially when it's an asset with nine years history and the proportion held by whales reaches its highest level in history.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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