Let me introduce you to the top 10 ETH Holders ๐๐
๐ Top 10 Ethereum Holders:
1. Beacon Deposit Contract: ~76,000,000 to 86,000,000 ETH (~63.0% - 71.0%) โ This isn't a person or a company; it's the central smart contract of the network where validators lock their funds to stake and secure the Ethereum operation.
2. Bitmine Immersion Technologies: ~5,300,000 ETH (~4.4%) โ An institutional corporation acting as a massive treasury fund and validator provider (the vast majority of their ETH is delegated for staking).
3. Coinbase (Consolidated): ~4,200,000 ETH (~3.5%) โ Total reserves of the exchange, including liquidity for trading and user funds that are staked through their representative token (cbETH).
4. Binance (Consolidated): ~4,000,000 ETH (~3.3%) โ Global custody of funds belonging to its millions of users and internal staking services.
5. BlackRock (iShares Ethereum Trust): ~3,000,000 ETH (~2.5%) โ Funds under management of the largest Ethereum ETF in the traditional financial market.
6. Wrapped Ether (WETH) Contract: ~2,200,000 ETH (~1.8%) โ A DeFi smart contract that holds native ETH to convert it into an ERC-20 token compatible with decentralized applications.
7. Upbit: ~1,700,000 ETH (~1.4%) โ The biggest exchange in South Korea, holding assets for its retail investors.
8. Robinhood: ~1,370,000 ETH (~1.1%) โ A U.S. brokerage platform that safeguards ETH purchased by its retail users of stocks and crypto.
9. Kraken: ~1,100,000 ETH (~0.9%) โ A centralized exchange with a historically high volume dedicated to security funds and staking pools.
10. OKX: ~1,100,000 ETH (~0.9%) โ Global reserve wallets of the exchange to ensure withdrawals and internal liquidity.
๐ก Fun facts about this list:
Where are the founders? Vitalik Buterin currently holds about 224,000 ETH (approx. 0.18% of the supply), so his personal wallets don't make the top 10.
#ETH #whaleholding $ETH