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. Statisticians in 2022 indicate that there will be more ethereum sharks than large bitcoin owners. The top 100 most wealthy bitcoin addresses have 14.08% control over the total circulating supply. However, only the top 100 richest addresses in ethereum hold 39.81%.
A large number of whales still inhabits Ethereum, according to data from 2022
Ethereum has a USD total valuation of $348 billion. This makes it the second-largest cryptocurrency asset. Ethereum’s market cap represents 18.3% of the $1.89 trillion crypto economy’s net value. Although Ethereum has been the most popular crypto asset for nearly seven years, only 100 addresses control 39.81%. After subtracting Ethereum 2.0 Contract address which has 10.06%, the 99 rich addresses have 29.75%.
The Wrapped Ether Contract controls 5.17% of ETH supply from the top five wealthiest ethereum addresses. Kraken holds 1.78% and Binance has 1.68%. Many 100 of the most popular ethereum addresses have decentralized financial (defi), and centralized exchange platform accounts. This includes exchanges and protocols such as Bitfinex, Okex, FTX, Polkadot Multi-Sig, Arbitrum’s bridge, and Lido. After the 57th largest address in ethereum, most of the remainder are either unknown wallets or just whales.
Statistics from Into The Block show that addresses with more than 1 percent of the current supply or addresses which have 0.1% to 1%, respectively, equal 41%. Those same metrics applied to bitcoin’s top 100 addresses equate to 10%. The data clearly shows that there are many more ether whales in the world than the large number of bitcoin owners. Certain ethereum whales are also making waves, with blockchain parsers starting to closely monitor their activities.
Meet Some of Ethereum’s Most Famous Whale Addresses — Light, Locke Tsunade Bluewhale0072 and Bluewhale0073
Whalestats.com offers a fascinating view of the ether whales that not only have ethereum, but tokens as well as non-fungible token assets (NFT). Whalestats.com labels the rich list, and the top five addresses include wallets called “Light,” “Locke,” “Tsunade,” “Bluewhale0072,” and “Bluewhale0073.” The wallet Bluewhale0073 has been making headlines lately for purchasing and selling massive amounts of shiba inu (SHIB). Whalestats monitors whales “who are worth an average of $75,905,160 and hodl an average of 10,236 ETH, 34 tokens, and 1 NFT.”
Light currently has a value of $17.9 Billion and holds 136 NFTs, from 54 collections. While none of the NFTs are extremely valuable, Light’s SHIB stash is worth $786.69 million. Light has $218.74million in CRO, and $217.08million in tether (USDT). The whale’s stash of ethereum is worth $87.57 million as Light holds 30,320 ether. Light has multimillion-dollar deposits of USDC, enjin coins (ENJ), the Sandbox (SAND), and decentraland.
Locke is currently home to $13.52 Billion in digital assets. Locke has 151 NFTs in 53 collections, and $109.3 Million worth of ethereum. Locke also holds millions of dollars in BAT and SAND, UPXAU. MATIC. SHIB. LINK. FTM. It also has hundreds of thousands in dollars of ENJ and USDC, USDT. Tsunade, a whale address that holds $186.9million and 162 NFTs sourced from 57 collections is home to $186.9M. Tsunade is worth $60.07million in USDT and $40.44 million SHIB. It also has $36.5 million in Ethereum.
Bluewhale0072, the fourth-largest ether whale according to whalestats.com holds 100 NFTs in 37 collections. The wallet is currently worth $67.4 million today and $40.67 million of the wallet’s funds are held in tether (USDT). Bluewhale0072 has $4.99million worth of WBTC and a significant portion of wrapped Bitcoin (WBTC). Bluewhale0073 is a recent and rare mention. That’s because at certain times, Bluewhale0073 purchases vast quantities of shiba inu (SHIB).
Bluewhale0073’s USD value today is $122.98 million and the wallet only owns ten NFTs from four different collections. A large portion of Bluewhale0073’s wealth is in ethereum (ETH) as the wallet holds $114.53 million in ether today. Bluewhale0073 also owns $5.53M in USDT, $1.75 Million in USDC and $640K each in MATIC. And $19.324 per SHIB. Reports indicated that Bluewhale0073 purchased millions of dollars in SHIB. However, most of the mem-coin was sold by the address, which traded for coins such as ETH.
While we don’t know who all the ethereum whales are, they are caught regularly by blockchain analysis and they can be tracked. The mystery of crypto whales has been around since the beginning. They are large and powerful, compared with the other fish that make up the cryptocurrency industry. Like the waves of the ocean, crypto-whale can make major fluctuations in crypto currency.
What do you think about today’s ethereum whales? Please comment below to let us know your thoughts on this topic.
Image credit: Shutterstock. Pixabay. Wiki Commons. Whalestats.com. Into The Block. Coincarp.com.
DisclaimerThis article serves informational purposes. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.