Only 376 people own a third of all Ethereum tokens

4개월 전

Only 336 people own 33% of all Ethers in circulation. Chainalysis claims this based on the findings of its study.

Although it is a significant amount of whales, according to the Chainalysis study, they account for only 7% of all network transactions. Consequently, Chainalysis concludes that, although these whales do not have an obvious impact on Ethereum's long-term price, they contribute to market volatility when large sales are made. "We cannot exclude the possibility that whales may affect prices within individual days based on current events," he notes.

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Although 33% seem to be a big figure for such a small group of people, it is an improvement over 2016 when whales owned up to 47% of all ETH in circulation.

At the same time, Chainalysis states that 60% of the current Ethereum whales only hold and do not trade their assets. Activity analysis between 2016 and 2019 also concluded that the Ethereum price tends to follow Bitcoin movements. "On average, a 1% increase in Bitcoin prices leads to a 1.1% increase in Ethereum's price at current prices."

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