Ethereum Whales Control 57% of Total ETH Supply as Small Holders Decline and Price Nears $4,000 – Yahoo Finance

According to recent data, Ethereum whales now control 57% of the total ETH supply, while the number of small holders continues to decline. This trend comes as the price of Ethereum nears $4,000.

The increasing concentration of ETH among large holders raises concerns about centralization within the Ethereum network. With a significant portion of the supply in the hands of a few entities, there is potential for market manipulation and control over the direction of Ethereum’s price.

While Ethereum has seen significant growth and adoption in recent years, the dominance of whales in the market highlights the need for greater decentralization and distribution of the cryptocurrency. Small holders play a crucial role in maintaining a diverse and resilient ecosystem, and their declining numbers could have implications for the overall health of the Ethereum network.

As the price of Ethereum continues to climb towards $4,000, it will be important to monitor how the distribution of ETH among holders evolves. Ensuring a more equitable distribution of the cryptocurrency could help to promote a fairer and more stable market for all participants.

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