One of the perks of blockchain-based technologies and public ledgers is that… well, they are public. This means anyone can tap into the data and receive valuable insights.
Large holders have long been presented as entities with sufficient knowledge and experience of the market and are often admired. In this article, we take a closer look at the top 100 Ethereum-based addresses and their holdings. Let’s find out what the whales contain.
Top Ethereum Whale Holdings
The data for this analysis was provided by the popular whale-tracking resource – Whale Stats. It appears that $1.7 billion is invested in the native token of the prominent cryptocurrency exchange – FTX. FTT token accounts for almost 19% of the total holdings.
Interestingly enough, right after that is the popular memecoin Shiba Inu (SHIB). Top Whales hold a whopping $1.27 billion worth of SHIB, which is approximately 14.15% of their holdings.
More recently, CryptoPotato reported that one of the big ETH whales – number 216 at the time – bought $89 million worth of SHIB in a single transaction.
Apart from lesser-known tokens that account for 7.5% of their portfolios, other preferred cryptocurrencies include the two most-popular stablecoins – USDC and USDT, BEST, MATIC, Decentraland’s MANA, Chainlink, and so forth.
The biggest whale of all
As mentioned, the data above does not take into account the ETH held in these accounts. In any case, the largest Ethereum address is actually the ETH 2.0 depositor contract.
At the time of this writing, it holds over 10,694,610 ETH worth a whopping $31.9 billion.
And yet, the ETH 2.0 depositor contract is not the first in terms of staked value. Data from Staking Rewards reveals that Solana is currently in the lead with over $36 billion. However, the competition between Solana and Terra is as fierce as it gets, and the two ecosystems fight daily for the lead.
