Whales holding between 1,000 and 100,000 ETH now control $59 billion

Analysis of ETH distribution shows alarming signs of increasing concentration. First, let's exclude addresses with more than 100,000 ETH, which are typically associated with centralized exchanges. Whale addresses holding between 1,000 and 100,000 ETH now control about $59 billion in ETH. This is approximately 25.5% of the circulating supply.

This group continues to accumulate more assets, reinforcing the shift of power towards large players operating off exchanges but significantly influencing the market.