The number of Ethereum token HODLers has gradually increased since its inception. The number of addresses holding the largest Altcoin recently surpassed the 87 million mark.
ETH is primarily a consumer token. According to ITB data, nearly 60% of the addresses HODL represent less than 0.1% of the circulating supply. Investors [users who own 0.1% to 1% of the circulating supply] account for 23% of the total. The remaining 17% of Ethereum is owned by large addresses, also known as whales.
Who has the most Ethereum?
The beacon chain deposit contract deposit smart contract held the most ETH, with over 14.1 million tokens. According to on-chain data from Etherscan, this equated to 11.7% of ETH supply as of 7 October. To date, the beacon deposit contract has completed 225,748 transactions.
A Wrapped Ether smart contract with 4.28 million ETH accounted for 3.36% of the alt's supply as the second largest ETH-HODLING address. So far, the address has completed over 10,167,098 transactions.
The third and fourth largest amounts of Ethereum were deposited in wallet addresses owned by cryptocurrency exchanges Binance and Kraken, respectively. The former addresses controlled 2% of the ETH supply [2.4 million tokens], while the latter controlled 1.7% [2.1 million tokens]. They had completed 9092 and 68 transactions, respectively.
The next address in line was an unidentified wallet with over 2 million ETH tokens, accounting for 1.69% of the supply. To date, the address has been involved in 43 transactions.
The next two large wallets belonged to exchanges. The first was Binance's, and the second was Bitfinex's. The 1.9 million and 1.4 million ETH stored in the wallets accounted for 1.6% and 1.2% of the token supply, respectively.