Ethereum’s Top Ten Addresses Hold 10% of All Coins

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Ethereum’s top ten richest holders have a combined total of 10,833,722 eth, translating to 10.84% of all current supply at 99,865,752.

You need just a penny more than 1,538,422 eth, or around 1 billion dollars worth, to be the very richest etherean.

While the very top three in combination have 4,556,297 eth, or 4.56%, with all three looking fairly similar. They have been accumulating since time immemorial, in ethereum terms, and only receive eth, with not one withdrawal. Suggesting all three are a cold wallet.

Ethereum’s top ten addresses.

As can be seen above, two of the top ten have so many transactions we can be fairly sure they are exchanges. A third one, Kraken, has been tagged as such. With a fourth one being an ICO that has just ended, EOS.

From that we can say that most of these top holdings are exchanges, plus the EOS ICO. It is unlikely any other ICO is in the top ten, but there are quite a few ICO-ed projects in the top 100, as well as a number of exchanges, and things like the DAO withdrawal smart contract.

Quite amazingly, that still has 222,000 eth ($120 million) in it some two years since ethereum’s hardfork to recover the then stolen Slockit DAO eth holdings.

In total, 34,352,624 eth is held by the top 100 addresses, translating to 34.40% of total supply. That’s far less than in EOS which after a year long ICO still ended up with the top 100 addresses owning 75% of all tokens, and the top ten alone owning 50% of all EOS.

For ethereum, you can get into the top 1,000 if you have more than 11,000 eth, or $6.4 million. Some 5,000 eth gets you into the top 2290 holders, while with 2,000 eth you might just about make it into the top 5,000.

Ethereum holdings and ranks.

An important number for ethereum is that 1,500 line which allows you to stake on your own once Hybrid Casper is implemented later this summer or early autumn.

You’d be in the top 6,000 if you have it, but undoubtedly there will be plenty of pools, with exchanges most likely offering staking services.

Etherscan data goes only so far, and that’s 800 eth for the top 10,000. That’s just about half a million dollars at current prices. One nice London house for top 10k eth position.

That suggests, in a way, ethereum is still somewhat fairly small. As such, as it grows, the network should become more and more distributed in ownership.

Just as an example, the top 50 ethereum addresses held 40% of all coins two years ago soon after eth launched, now that’s down to 27%.

Much of it, as stated, is exchanges or ICOs, with EthDev, which we assume to be the Ethereum Foundation, another big holder at 13th position with 669,816 eth, worth around $400 million, or 0.67% of all coins.

The trend so far has been for ethereum coins ownership to become more distributed as time goes by, but the network has seemingly already reached a stage where it can say it is far more egalitarian than the fiat system where just three men own as much as 3.6 billion people.

Copyrights Trustnodes.com

 

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