Although there are many Bitcoin whales in media reports, Ethereum whales are also drawing attention. According to 2022 statistics, there are many more Ethereum whales than those who own large amounts of Bitcoin. In fact, the 100 richest Bitcoin addresses control 14.08 percent of the circulating supply, while the 100 richest Ethereum addresses hold 39.81 percent of all ETH today. In this article, baskets of altcoin whales will be examined.
The number of whales is quite high in Ethereum
The second largest cryptocurrency in terms of market capitalization, Ethereum has a value of approximately $ 348 billion. Ethereum’s market cap represents 18.3 percent of the net worth of the $1.89 trillion crypto economy. The leading cryptocurrency has been on the market for close to seven years, with 100 addresses controlling 39.81 percent of the current ETH in circulation. But after subtracting the Ethereum 2.0 contract address, which holds 10.06 percent of the current ETH in circulation, the 99 wealthy addresses own 29.75 percent.
Out of only the five richest Ethereum addresses, 5.17 percent of the ETH supply is controlled by the Wrapped Ether contract, 1.78 percent of the ETH supply is by the Kraken trading platform and 1.68% is held by Binance. Most of the 100 richest Ethereum addresses are centralized exchanges and decentralized finance (DeFi) protocol reserves. This includes exchanges and protocols such as Bitfinex, Okex, FTX, Polkadot Multi-Sig, Arbitrum bridge and Lido. Most of what’s left after the 57th largest Ethereum address are unknown wallets or just whales.
IntoTheBlock statistics show addresses that have more than 1 percent of the circulating supply and those that have 0.1-1 percent of the circulating supply, which equals 41 percent. The same metrics applied to Bitcoin’s top 100 addresses equal 10 percent. From this perspective, the data shows that there are much more ETH whales than the concentration of large Bitcoin holders. Also, some of these Ethereum whales are making a name for themselves by monitoring their activities.
Here are the most famous altcoin whales: The first one is Light
For example, WhaleStats, whose data we share as Kriptokoin.com from time to time, not only Ethereum but also other tokens and It offers an interesting perspective on ETH whales that also hold NFT assets. The five addresses listed on the platform include wallets “Light”, “Locke”, “Tsunade”, “Bluewhale0072” and “Bluewhale0073”. The Bluewhale0073 wallet came to the fore recently after buying and selling large volumes of Shiba Inu (SHIB). Whalestats tracks whale wallets that “are worth an average of $75,905,160 and hold an average of 10,236 ETH, 34 tokens and 1 NFT token.” The address
Light is worth over $17.9 billion today and has 136 NFTs from 54 collectibles. While none of the NFTs are extremely valuable, Light’s SHIB stash is worth $786.69 million. Light also holds $218.74 million in CRO and $217.08 million in Tether (USDT). The whale’s Ethereum stash is worth $87.57 million as Light holds 30,320 ETH. Light also holds multi-million dollar USDC, Enjin Coin (ENJ), The Sandbox (SAND), and Decentraland (MANA).
What’s in Locke and Tsunade’s altcoin wallet? The address, called
Locke, currently holds $13.52 billion in cryptocurrencies. Locke owns 151 NFTs from 53 different collections and $109.3 million worth of Ethereum. Locke also owns millions of dollars worth of BAT, SAND, UPXAU, MATIC, SHIB, LINK, FTM and APE. The address is out of these; It holds hundreds of thousands of dollars worth of ENJ, USDC, USDT, GRT, SRM, SPELL, and QNT. The whale address named Tsunade has $186.9 million and 162 NFTs from 57 different collections. Tsunade has $60.07 million in USDT, $40.44 million in SHIB and $36.5 million in ETH.
BlueWhale 72 and 73: Here are the details of their portfolio
Bluewhale0072 is the fourth largest ETH whale on WhaleStats and has 100 NFTs from 37 different collections at the address. The wallet is currently worth $67.4 million, and the wallet’s $40.67 million fund is held in Tether (USDT). Bluewhale0072 also owns a large portion of wrapped Bitcoin (WBTC). Today he has $4.99 million worth of WBTC. As mentioned above, you may have heard of Bluewhale0073 recently. This is because Bluewhale0073 buys large amounts of altcoin Shiba Inu (SHIB) at certain times.
Bluewhale0073 has a present value of $122.98 million and the wallet has only ten NFTs from four different collections. The majority of Bluewhale0073’s wealth is in Ethereum (ETH), as the wallet holds $114.53 million worth of ETH today. Bluewhale0073 also holds $5.53 million in USDT, $1.75 million in USDC, $640k in MATIC and $19,324 in SHIB. While reports indicate that Bluewhale0073 bought millions of dollars of SHIB, the address sold most of the meme-coin and traded with other cryptocurrencies like ETH.
While we don’t know who all Ethereum whales are, they are regularly caught and tracked by blockchain analysis. Crypto whales have always been a mystery and they are called whales because they are so large compared to other small fish in the cryptocurrency industry. Like whales in the ocean, crypto whales can cause big waves in the crypto economy.
3863
