It is impossible to answer this question as Ethereum ownership is anonymous, and public ownership records do not exist. One of the largest holders is Vitalik Buterin, the inventor of the Ethereum whitepaper. However, he isn’t the most Ethereum.
How Many Ethereum Holders are There?
As of May 2022, it is believed that around 50 million people hold Ethereum with a non-zero balance. Ethereum holders are difficult to track down but hard to track down. The Ethereum wallet address cannot be counted as a single person, as many holders will have more than one. Who owns the most Ethereum?
Ethereum Holders: Who owns the most Ethereum?
Ethereum holders tend to be secretive about the amount of ETH they control. There is a certain amount of common sense that can be extrapolated. The blockchain is a public record, so specific wallets can be followed to get an idea of what the “smart money” is doing. These are the top holders of Ethereum, based on how much is in each address. Who it is doesn’t matter nearly as much as what they do with it. The biggest holders of Ethereum move the markets, so some places specialize in following what these “Whales” are doing.
This leads to worry about the concentration of Ethereum holdings, leading to a bit of centralization. With an unlimited supply of Ethereum, this problem is solved. Who owns the most Ethereum isn’t a concern because the supply will grow through staking.
Exploring the Ethereum Holders List
Identifying the largest holders of Ethereum can go a long way to understanding the belief behind the ecosystem. Some of the biggest holders will be exchanged, as they are forced to own a lot of Ethereum to facilitate the trading of Ethereum. In this case, the ETH holdings aren’t about speculation; it’s about doing business.
Ethereum millionaires
There are no public records of “Ethereum millionaires,” as there is no general way to identify the owners of Ethereum addresses. Although, there are companies that specialize in the tracking down of people through addresses. Some prominent figures in the Ethereum community, such as Vitalik Buterin and Joseph Lubin, have been reported to have become wealthy through their involvement in the project. There are often referred to as “Ethereum whales.” They have large wallets that can move market sentiment.
Not only do they believe in the longer-term use of Ethereum for computing power, but also in the potential of using it for peer-to-peer payments. The extreme flexibility of Ethereum has made it attractive to many. Ethereum whales tend to be the “true believers” of the community that got in early.
The Biggest Ethereum Wallets
As you would expect, some of the biggest Ethereum wallets will include those facilitating trading and providing liquidity. These are typically considered corporate owners of ETH, as it is used to facilitate their business models. This includes multiple exchanges, with the following three being the biggest holders:
- Binance – The world’s largest cryptocurrency exchange, Binance, holds the largest Ethereum wallet with more than 5 million ETH tokens stored.
- Huobi – Huobi Global is another large crypto exchange platform with many Ethereum tokens in its wallets.
- Bitfinex – Bitfinex is a digital asset trading platform and liquidity provider. It is one of the largest cryptocurrency exchanges in the world.
It is probably worth noting that these companies are all exchanges that trade in “physical Ethereum.” This is different from how it is done at PrimeXBT, which Is a CFD broker, or “Contract-for-Difference.” This allows traders to use leverage, leading to potentially more significant profits. It also allows traders to both go long of Ethereum, as well as short, which is betting on the price following.
All this is done without the necessary custodial issues, as you are betting on the underlying prices moving back and forth but not necessarily taking hold of Ethereum itself. This simplifies the process of speculation and allows for a much more straightforward process for traders.
Companies Holding the Most Ethereum
The top holders of Ethereum are mostly cryptocurrency exchanges, including Binance (7.2 million ETH), Huobi Global (3.3 million ETH), and OKEx (2.9 million ETH). Other significant holders include the Ethereum Foundation with 2.9 million ETH, Bitfinex (1.8 million ETH), and Santiment (1 million ETH).
How Much Ethereum Does Vitalik Buterin Hold?
Buterin’s Ethereum holdings aren’t explicitly known. However, there have been reports that it is believed that he holds approximately 325,104 ETH, based on a few well-known wallet addresses he is associated with. However, this isn’t all of the Ethereum it held at one point.
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