Who are the 10 Largest ETH Holders?
The last twelve months have been nothing short of a wild ride for Bitcoin, Ethereum and other altcoins, from the BTC price resurgence – the cryptocurrency is up more than 160% in 2023 – to innovations in the Web3 industry and non-fungible tokens (NFTs). ), the government’s pressure on the sector.
Even amid all this turmoil, crypto remains an attractive money-making business. Take the record 19 billionaires (7 more than last year) who made their fortune after investing in cryptocurrency and blockchain technology.
What connects Elon Musk and Michael Saylor, the Winklevoss Twins who own crypto exchange Gemini? They are all tied to some form of cryptocurrency. While Musk and Tesla are mostly tied to dogecoin and Bitcoin respectively, the other two names have significant Bitcoin holdings.
Largest ETH Holder Owns 29% of All Ethereum Tokens in Circulation
It’s a different story overall when it comes to Ethereum. Even the largest ETH holders are often out of the spotlight. However, data from Etherscan revealed that the largest holders of ETH in 2023 are crypto exchanges; This should come as no surprise considering ETH is available on every exchange.
Let’s look at the numbers. Remember, these are ballpark predictions only.
Image credit: Etherscan
Beacon Chain Contract holds over 35 million ETH and controls over 29% of all ETH tokens in circulation, making it the largest ETH holder by far. December 28, 2023. In second place comes Wrapped ETH (weth), with more than 3.2 million ETH worth approximately $7.7 billion.
Binance has significant ETH holdings
It’s fitting that binance, the world’s largest crypto exchange, is the third-largest single-stop destination for ETH, holding nearly 2 million+ ETH. Kraken, which was sued by the US Securities and Exchange Commission (SEC) last month for deceptive practices, took fourth place with assets of approximately 1.6 million ETH.
Popular trading platform Robinhood ranks fifth on the list. At the time of this writing, it had over 1.4 million ETH under its belly, accounting for approximately 1.24% of all ETH tokens in circulation.
It is noteworthy that the other two wallet addresses in the top 10, each with more than 550,000 ETH, are linked to the crypto exchange giant Binance. Rounding out the top 10 are arbitrum: Bridge with over 1.3 million assets and bitfinex with over 450,000 ETH.
It is also worth noting that an ETH address named VB 3, affiliated with Vitalik Buterin, one of the founders of Ethereum, contains more than 240,000 ETH.
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