While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention.
While the leading crypto asset has been around for close to seven years, 100 addresses command 39.81% of the current ether in circulation.
From the top five richest ethereum addresses alone, 5.17% of the ETH supply is controlled by the Wrapped Ether contract, 1.78% of the ETH supply is held by the trading platform Kraken, and 1.68% is held by Binance.
Into the Block statistics show addresses that own more than 1% of the circulating supply and addresses that own between 0.1% and 1% of the circulating supply, equate to 41%.
The address also holds hundreds of thousands of dollars worth of ENJ, USDC, USDT, GRT, SRM, SPELL, and QNT.
While reports noted that Bluewhale0073 was purchasing millions of dollars of SHIB, the address sold most of the meme-coin, trading for other coins like ETH.
Crypto whales have always been an enigma and they are called whales because they are massive compared to the rest of the smaller fish in the digital currency industry.
Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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