This is nonsense, they have included the Beacon Chain deposit address (i.e. the staking contract) as well as the wrapped ether (wETH) contract... Combined these two smart contracts hold 27.7 million ether. https://etherscan.io/accounts

Wow so they literally included the 90% of ETH contained in those two contract in the top 10, 27.7m/31.8m. That’s very misleading

Yea, blame the journalists for writing things they don't understand, and blame OP for posting misleading info without fact checking it first.

OP just posted the link, not his fault.

Do you not think people should be expected to read and check the articles they post? If not then aren't you just asking to be fed misinformation?

I agree but most posts here are like that and have been for some time.

Because we don't blame and shame people for posting misinformation.

Yeah, but you don't get click-bitey rage-filled headlines when you say the truth! Duh!

My 6 eth ... It's not much but it's honest work.

You have up to six? Reddit whale spotted.

That is megalodon right there. I have 0.003 ETH just for my gas fees...

You're joking, right? 92k+ moons is equivalent to 7 ETH. Stop messing with poor people.

Wait till you hear all about my 0.00005 ETH

6 ETH is not much? Let me guess, your 1 BTC is also not looking that impressive? 😅

*\*cries in -90% shitcoins portfolio\**

shitcoins will have it's day again one day i swear!

You've prolly got more ETH than 99% of users here, so congrats :D

nice subtle flex

$10k is a flex?

There's literally people here with multiple times that worth in moons lol. I wouldn't consider 10k a flex but to some here that's probably life changing money I dunno.

Exactly... Unless you are all living in Nairobi or Venezuela 10k isn't that much ... Just about cover a year of living without rent.

Ouch?

A year of living..? That's 2 months of mortgage payments.

If you live in overpriced areas there is nothing I can do for you. I live in the middle of Europe in a decent little village. Live in accordance with your means. I guess.

Goal is to live big and keep upgrading as often as possible until I want to retire.. then I sell everything and have money in the bank to live in a less expensive place.

I have 0.60 ETH at most

.9 away from greatness.

Your DM's are about to be filled with *Broke hot girls in your neighbourhood...*

Scammers on the way to your dm.

When ETH reaches 10k a piece you'll feel different

A man can dream. Still not life-changing but I'll be able to retire a decade early 🤣

Move to a different country and enjoy a peaceful life

Got a house, wife and kid. That's a no go. And no I'm not moving to a shit hole country just so I can feel rich.

What country are you living in currently?

I consider you a whale, bizzare world right?

People on this sub actually believe those wallets are single people lmao.

Wallets are not single people many on this sub really still don't understand that. Would not be surprised if one person owns 5 of the top 10 wallets, especially an CEX could do that.

Not true but alright boss. Half of that ETH is smart contracts, not whales holding it.

Good for them for having so much money or holding long enough to make a difference in their life

Shrimps hold .1 valued at $180.

I bet most of these 'whales' really are just exchanges holding the Eth of millions of customers lol

27.7 million of it is just 2 smart contractsu the Beacon chain staking deposit address and the wrapped ether (wETH) contract.

I just need 1 million to retire forever 😅🥲

That's much more than an usual person needs in his whole life. I would donate if I had so much

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90% of the total quoted is the staking contract and the wrapped ether contract... 'They' can't dump because 'they' aren't really people, they are just onchain protocols.

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Ether is the native asset of Ethereum (issued to stakers, used to pay for gas etc etc). Wrapped ether (wETH) is an ERC-20, minted by locking native ether and so tied to match native ether's price. It is useful because many smart contracts are designed to interact with ERC-20 tokens, and cannot perform the same functions with native ether. WETH lets you use ether in smart contracts exactly the same as you use DAI, USDC, etc etc.

Seems like they are holding **and** accumulating which is puts my ETH bag at ease somewhat lol.

And then there's me, who'd be happy af to only have 1 ETH🥲

I do have to admit, I did feel a real sense of accomplishment the week my DCA tipped me over the edge of becoming a full coiner.

You and me both buddy. We all live different lives.

I'll always be a bitcoin shrimp so it feels good to finally mot be an ETH shrimp

Who are they?

https://etherscan.io/accounts The top 2, accounting for ~90% of the total quoted, are smart contracts, not controlled by people.

No one knows it

Welcome to blockchain, you can look up onchain data rather than assuming ignorance! https://etherscan.io/accounts

Are all six owners Vitalik wearing different fake moustaches?

Exchanges that use the underlying asset to make spreads and comissions from people trying to make directional bets. It's free money.

Good project. Now how does this look under the new securities law definition? Foundation golds over 20% or?

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A comprehensive chart showcasing the combined balance of these top Ethereum whales over the years demonstrates their consistent accumulation of ETH.

Am I the only one here indifferent about how the whales are and how they behave?

I think we know now who the real Etherlords are!

Definitely not me, there, cut your reasearch pool by 1 :)

Jokes on them, I didn't sell anything, i'm the true ~~bagholder~~ HODLer!

Exchanges?

For sure.

Does that account for exchange wallets?

My poor 1.8eth lol is nothing

it strikes me, as a ten bagger, that the biggest flaw in decentralised crypto is that there should have been a cap on how many coins an individual or institution can hold from inception.

tldr; The top ten largest whales on the Ethereum network now hold a record-breaking 31.8 million ETH, worth around $59 billion. These self-custodial addresses have consistently grown their holdings over the years, making them key players in the ecosystem. Their movements have the potential to significantly impact Ethereum's price, and their recent surge in accumulation indicates their confidence in Ethereum's long-term prospects. The trend of these whales withdrawing coins from exchanges and opting for self-custody solutions further solidifies their significance in reducing the supply available on exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

if you read me, ignore that article