Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»The top 10 Ethereum whales now control a record 41 million ETH.
ETHEREUM NEWS

The top 10 Ethereum whales now control a record 41 million ETH.

By Crypto FlexsDecember 2, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The top 10 Ethereum whales now control a record 41 million ETH.
Share
Facebook Twitter LinkedIn Pinterest Email

According to on-chain data, the ten largest Ethereum whales have recently continued to increase their holdings and currently hold 41 million ETH.

The holdings of the top 10 Ethereum whales have reached an all-time high.

According to data from on-chain analytics firm st tly, the largest whale wallet, has continued to show a bullish pattern for cryptocurrencies. There are two indicators of interest here: The supply held by the top exchange wallets and the supply held by the top non-exchange wallets.

The former tracks the total amount of Ethereum currently held by the top 10 wallets connected to centralized exchanges. By comparison, the latter measures the amount of money held in the ten largest self-custodial wallets on the blockchain.

Both types of addresses are considered “whales,” but addresses connected to exchanges are more likely to control entities, such as the platform itself, rather than “regular” investors, such as self-managed wallets.

The chart below shows how the Ethereum supply held by these two groups has changed over the past year.

The value of the two metrics have gone opposite ways in recent days | Source: Santiment on X

The graph shows that over the past year, the supply held by the top 10 whales outside of exchanges has continued to increase, while addresses linked to exchanges have increased and decreased somewhat.

Typically, investors store their coins in self-managed wallets whenever they want to hold them for a long period of time. Therefore, it is undoubtedly a positive sign for cryptocurrencies that these OTC whales continue to increase supply.

As the chart shows, the supply of these whales has continued its recent upward trend, exceeding 41 million ETH, a new all-time high.

While this was an upward trend, the top 10 Ethereum exchange wallets also showed a downward trend. This is because the ETH currently held is only 8 million ETH, the lowest in about 24 weeks.

Supply shifts to self-managed are always a good sign of the health of the market. Because the bankruptcy of the FTX exchange has already shown us what happens when such a central platform goes bankrupt during a bear market.

The less ETH that exists on an exchange, the less impact it will have on the price if it goes out of business. And that’s not all. The supply on exchanges can also be considered the salable supply of ETH, which has also decreased due to this decline.

Therefore, this pattern of self-managed wallets growing in size while exchanges are losing coins is an encouraging development for the asset. While that may be true, concentrated supply in just 10 wallets is still a negative. Because this massive entity now controls a third of the supply.

ETH price

As of this writing, Ethereum is trading just below $2,100, down 1% over the past week.

Ethereum price chart

ETH has overall gone up during the past 24 hours | Source: ETHUSD on TradingView

Featured image by Vivek Kumar on Unsplash.com, Charts by TradingView.com, Santiment.net

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025
Most Popular

Unlock the potential of LimeCoinX: the next big thing in cryptocurrency! – DeFi information

January 11, 2024

Pay with Verse (VERSE) via BitPay

March 28, 2024

TEAL, Introducing Training-Free Activation Sparsity to Improve LLM Efficiency

September 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.