Only 5 largest wallets on the Ethereum network control more than 45% of all coins

According to the Cryptoquant researcher under the pseudonym It Tech, Ethereum remains one of the key cryptocurrencies, but the distribution of digital coins ETH raises questions about decentralization. Recent data show that a significant part of the assets is concentrated in the hands of a small number of large investors. According to the analyst, this can significantly affect the liquidity and stability of the market.

The expert noted that the greatest concentration of funds is observed in the TOP-5 wallets that control 45.31% of the total ETH offer. This is equivalent to $ 177.44 billion. In addition, only 1062 storages (0.0008% of the total number of addresses) own 75.14% of coins. This indicates a high degree of centralization of a digital coin.

“On the other hand, retail investors significantly surpass large wallets in number, but their share in the total amount of assets is minimal. So, 98.96% of all wallets contain no more than 0.1 ETH, which in total is only 0.54% of the supply. In total, only 0.11% of coins own 80.18% of all addresses, ”the specialist said.

The average segment of investors holding from 10 to 1000 ETH, 302.34 thousand wallets are represented. Together, they control 11.34% of the supply. These participants play an important role, since among them there are both institutional participants and serious retail investors.

According to the expert, a high concentration of coins in a small number of owners really carries certain risks. Large movements of funds can cause volatility, and manipulations are becoming increasingly likely. At the same time, the influence of exchanges and stakeing can maintain the long -term stability of the asset. In general, Ethereum reserves remain in the hands of a limited number of large investors, but the average segment also plays a significant role.

Author

Peter Ivanov