Who owns the highest number of Ethereum?

Since its inception, the number of HODLers of the Ethereum token has gradually inclined. Just a day back, the number of addresses possessing the largest Altcoin surpassed the 87 million mark.

Read More: Ethereum HODLers surpass 87 million: $1500 next stop for ETH?

ETH is primarily a retail token. Per data from ITB, close to 60% of the addresses HODL is less than 0.1% of the circulating supply. Investors [users who possess between 0.1% to 1% of the circulating supply] account for 23%. Large addresses, or whales, own the remaining 17% of Ethereum.

Ethereum concentration | Source: ITB

Who possesses the most Ethereum?

The largest ETH-holding address was the beacon chain deposit contract deposit smart contract which held over 14.1 million tokens. The same translated to 11.7% of ETH’s supply as of 7 October, per on-chain data from Etherscan. The beacon deposit contract has executed a total of 225,748 transactions to date.

Top Accounts by ETH Balance | Source: Etherscan

The second largest ETH-HODLing address was a Wrapped Ether smart contract with 4.28 million ETH that accounted for 3.36% of the alt’s supply. Over 10,167,098 transactions have been carried out by the said address so far.

The third and fourth highest amount of Ethereum was deposited in wallet addresses belonging owned by crypto exchanges Binance and Kraken. While the former addresses held 2% of ETH supply [2.4 million tokens], the latter possessed 1.7% [2.1 million tokens]. Notably, they had engaged in 9092 and 68 transactions respectively.

The next address in the queue was an unidentified wallet that owned over 2 million ETH tokens that contributed to 1.69% of the supply. The address has gotten into a total of 43 transactions to date.

The next two large wallets again belonged to exchanges. One was Binance’s, while the other was Bitfinex’s. The said wallets had 1.9 million and 1.4 million ETH stored in them which accounted for 1.6% and 1.2% of the token supply.

Also Read – Ethereum: Increasing Validators Post Merge, Good or Bad?