Ethereum: What the top holders’ wallets tell you about ETH’s future
August 10, 2023
By Victor Olanrewaju
Read Ethereum’s [ETH] Price Prediction 2023-2023
The top 10 ETH holders have a combined balance of $51.6 billion.
Long-term holders are committed to not selling.
Five years ago, the top 10 Ethereum [ETH] exchange and non-exchange addresses owned about 11.2% of the total supply. But now, the top holders have extended their reach in the distribution of the altcoin king, Santiment revealed.
Five years ago, the top 10 Ethereum [ETH] exchange and non-exchange addresses owned about 11.2% of the total supply. But now, the top holders have extended their reach in the distribution of the altcoin king, Santiment revealed.
Preparing the table in the presence of doubts
According to Santiment, the top 10 addresses now account for 34.6% of the total ETH supply. These coins are valued at $51.6 billion, representing 27.86 million ETH.
As of March 2022, the on-chain analytic platform reported that the cohort holding increased by 4.3% from 2021. This increase ensured that the supply jumped to 23.7%.
So, the staggering jump this year implies that whales’ conviction that ETH would be largely profitable in the near term may have increased. But was it the same case with the retail brigade?
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