There are many Bitcoin whales that are often caught by blockchain parsers and featured in the media, but Ethereum whales haven’t received much attention. According to 2022 statistics, there are far more Ethereum whales than Bitcoin high-value holders. In fact, the top 100 most abundant Bitcoin addresses control 14.08% of circular supply, while the top 100 most abundant Ethereum addresses hold 39.81% of all Ethereum today.
Data show that Ethereum is still highly concentrated in whales in 2022
Ethereum, the second largest crypto asset by market capitalization, has an overall US dollar valuation of approximately $ 348 billion. Ethereum has a market capitalization of $ 1.89 trillion, which is 18.3% of the net worth of the crypto economy. Major crypto assets have been around for nearly 7 years, 100 addresses Command 39.81% of the current ether in circulation. However, if you subtract the Ethereum 2.0 contract address, which holds 10.06% of the Ethereum currently in circulation, 99 wealthy addresses own 29.75%.
From only the top 5 most abundant Ethereum addresses ETH Supply is controlled by wrapped ether contract, 1.78% ETH Supply is held by the trading platform KrakenAnd 1.68% Binance.. Many of the 100 most abundant Ethereum addresses are centralized exchange platforms and decentralized finance (defi) protocol reserves.This includes exchanges and protocols such as: Bitfinex, Okex, FTX, Polkadot Multi-Sig, Arbitrum’s bridge, and Lido. After the 57th largest Ethereum address, most of the rest are unknown purses or just whales.
To the block statistics Shows addresses that own more than 1% of the circular supply and addresses that own 0.1% to 1% of the circular supply. Equivalent to 41%.. These same metrics applied to Bitcoin’s top 100 addresses correspond to 10%. From this point of view, the data show that there are far more ether whales than the concentration of large Bitcoin holders. In addition, some of these Ethereum whales are making their own names as blockchain parsers are beginning to monitor their activities more often.
Meet some of Ethereum’s most famous whale addresses — — Light, rock, Tsunade, Bluewhale0072, Bluewhale0073
for example, whalestats.com It provides an interesting perspective on Ethereum, which holds not only Ethereum but also tokens and non-fungible token (NFT) assets. Whalestats.com labels the rich list and the top five addresses include the wallets “Light”, “Locke”, “Tsunade”, “Bluewhale0072” and “Bluewhale0073”. Wallet made by Bluewhale0073 Heading Recently, to buy and sell a large amount of Shiba Inu (SHIB). Whalestats “is watching whales, worth an average of $ 75,905,160 and an average of $ 10,236. ETH, 34 tokens, and 1 NFT. “
The address called Light is currently worth more than $ 17.9 billion and holds 136 NFTs from 54 collections. None of the NFTs are very valuable, but Light’s SHIB stash is worth $ 786.69 million. Light also holds $ 218.74 million in CRO and $ 217.08 million in Tether ().USDT). The whale Ethereum hiding place is worth $ 87.57 million, as the light holds 30,320 ethers. Light also has millions of dollars in US dollar coins (USDC), engine coins (ENJ), sandboxes (SAND), and decentraland (MANA).
The address, called Locke, currently holds $ 13.52 billion in digital assets. Locke holds 151 NFTs from 53 different collections and holds $ 109.3 million worth of Ethereum. Locke also owns millions of dollars worth of BAT, SAND, UPXAU, MATIC, SHIB, LINK, FTM, and APE. This address has hundreds of thousands of dollars worth of ENJ, USDC, USDT, GRT, SRM, SPELL, and QNT. The address of the whale, called Tsunade, has $ 186.9 million and 162 NFTs from 57 different collections.Tsunade has $ 60.07 million USDTSHIB for $ 40.44 million, $ 36.5 million ETH..
Bluewhale0072 is the fourth largest ether whale. whalestats.com The address contains 100 NFTs from 37 different collections. The wallet is currently worth $ 67.4 million, and $ 40.67 million of the wallet’s funds are held in tethers (USDT). Bluewhale0072 also holds the majority of wrapped Bitcoin (WBTC) and today holds $ 4.99 million worth of WBTC. As mentioned above, Bluewhale0073 has been written on several occasions and recently. This is because Bluewhale0073 may buy a large amount of Shiba Inu (SHIB).
The US $ value of Bluewhale0073 today is $ 122.98 million and the wallet owns only 10 NFTs from 4 different collections. Most of the wealth of Bluewhale0073 is in Ethereum (ETHBecause the wallet holds $ 114.53 million in ether today. Bluewhale0073 also owns $ 5.53 million USDT, USDC for $ 1.75 million, MATIC for $ 640,000, SHIB for $ 19,324. It was reported that Bluewhale0073 had purchased millions of dollars of SHIB, but the address sold most meme coins and exchanged them for other coins such as: ETH..
We do not know who all Ethereum whales are, but they can be regularly captured and tracked by blockchain analysis. Cryptocurrency whales are always a mystery and are called whales because they are huge compared to other small fish in the digital currency industry. Like sea whales, crypto whales can cause large, unstable waves within the crypto economy.
What do you think of the Ethereum whale today? Please let us know what you think about this subject in the comments section below.
Image credit: Shutterstock, Aliexpress, Wiki Commons, whalestats.com, Into the Block, coincarp.com
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