- Ethereum whales hold a record 57.35% of all ETH supply.
- Mid-tier wallets (100-100K ETH) hit a record-low supply ratio of 33.46%.
- Small wallets (<100 ETH) hold only 9.19%, the lowest since January 2021.
Ethereum whale wallets now control 57.35% of ETH’s total supply. This surge marks a bullish signal for the market as 104 whale wallets collectively hold approximately $333.1 billion worth of ETH tokens.
Ethereum Supply Dynamics Shift Towards Whale Concentration
Wallets with at least 100K ETH have reached an all-time high in ownership. Meanwhile, wallets with 100-100K ETH dropped to an all-time low of 33.46%. Smaller wallets with less than 100 ETH are at a near 4-year low of 9.19%. Analysts see this concentration among big players as a good sign for Ethereum’s future. Ethereum’s use in DeFi and staking fuels this confidence.
This data shows a big shift in how Ethereum’s supply is held. Whale wallets with 100K+ ETH aren’t just buying more; they now own the highest percentage of ETH ever. However, mid-tier wallets (100-100K ETH) have shrunk to record lows. Smaller investors have also seen their share drop to its lowest point since January 2021.
Ethereum Eyes $5K as Bitcoin Rally Continues
On the price front, Ethereum has struggled to break the $4,000 resistance level. This is due to technical factors, while Bitcoin (BTC) led the market in December. But, as Bitcoin’s rally continues, some investors may turn back to Ethereum.
Source: Justin Bennett
If ETH breaks through the $4,000-$4,100 range, it could jump to $4,800 or even mid-$5,000, hitting a new all-time high.
Read also: ETH/BTC Hits Key Trendline as Altcoins Face Flash Crash
Whale Consolidation: A Bullish Sign for Ethereum?
Even though Ethereum has been around for nine years, this whale consolidation looks bullish. This is because big stakeholders usually buy more ETH before they think the price will go up. With Ethereum’s growing role in DeFi and staking, the rising whale dominance could make its price more stable and improve its long-term outlook.
This suggests a bullish trend as key stakeholders increase their ETH holdings.
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