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🐋104 whales control more than 57% of Ethereum's total supply  

According to Santiment, 104 whales with 100,000 ETH or more (about $400 million) in their wallet control 57.35% of the asset's supply. This is a new all-time high. 

These wallets control 83.81 million ETH (about $335.2 billion). At the same time, the shares of so-called sharks (from 100 ETH to 100,000) and shrimps (up to 100 ETH) have reached new lows. 

Santiment experts see such a trend as a “bullish” signal.

Centralization of Ethereum's supply in the hands of a few whales raises concerns about decentralization and market manipulation. The increasing dominance of large holders could impact the market dynamics and pose risks for smaller investors. Transparency and fair distribution are crucial for the long-term sustainability of the Ethereum ecosystem.