According to data from the on-chain analytics firm Santiment, the Ethereum whales with more than 1 million ETH have grown their holdings recently. The relevant indicator here is the “Supply Distribution,” which keeps track of the percentage of the Ethereum supply that each investor group is holding currently.
The holders or addresses are divided into these groups based on the number of coins that they are carrying in their balances. The 100-1,000 coins cohort, for instance, includes all investors who own at least 100 and at most 1,000 ETH.
As displayed in the above graph, the Ethereum wallets with at least 1 million ETH now control a combined 32.3% of the total circulating supply of the cryptocurrency.
In a PoS system, validators lock their coins into the staking contract and get a chance to handle transactions. The larger their stake, the higher the probability of them being selected. In theory, a single entity with 51% of the staked supply could gain control of the entire network.
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