• Ethereum top two addresses currently hold over $10 billion worth of ETH.
• ETH’s recent price trend has slumped from its uptrend at the beginning of the year.

A recent Arkham Intelligence report has identified the addresses holding the most Ethereum globally. Given this fresh information, how do these holdings compare to the market capitalization of ETH?

How much are 1,10,100 ETHs worth today

Top Ethereum addresses identified

On 9 September, Arkham Intelligence published a post that revealed the top Ethereum addresses associated with exchanges, active large-scale investors, and even permanently unusable addresses. According to the report, Binance and Grayscale were the top two entities with the largest ETH holdings. Arkham reported that Binance possessed approximately $5.7 billion worth of ETH, securely stored in two cold wallets.

In contrast, Grayscale’s ETH holdings were distributed across over 650 different addresses, totaling around $5 billion in value. Each address held at most $30 million worth of ETH. The data also indicated that exchanges held most of ETH among the top holders.

Current Ethereum market capitalization

As per CoinMarketCap, Ethereum currently has a circulating supply of over 120 million tokens, with a total supply that matches. As of this writing, the market capitalization of Ethereum exceeded $

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Author: Adewale Olarinde

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