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TechFlow reports, according to blockchain analytics firm IntoTheBlock, the market dominance of Ethereum's largest holders has steadily increased since 2019, as they continue accumulating more ETH. This accumulation trend accelerated further at the beginning of 2023, coinciding with the Shanghai upgrade.
Currently, these whale addresses control over 43% of Ethereum’s circulating supply, approaching the collective holdings of retail investors at 48%.
According to crypto data analytics firm IntoTheBlock, the market dominance of Ethereum's largest holders has steadily increased since 2019, with continued accumulation of more ETH. This accumulation trend accelerated further at the beginning of 2023, coinciding with the Shanghai upgrade. Currently, these large holder addresses control over 43% of Ethereum's circulating supply, approaching the 48% collectively held by retail investors.
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