33% of the total Ethereum supply is in the hands of 376 people

It is said that only 376 people own a third of the world’s Ethereum supply. According to an investigation published by Chainalysis, which tracks fraudulent transactions on the blockchain. It is said that although the number of high-value investors is decreasing from 2016, some investors still have a lot of influence in the market.

Of these large Ethereum investors, 60% do not trade on a regular basis while holding assets, accounting for only 7% of all trading activities. Chainnalysys defined a large number of Ethereum holders as 500 or more Ethereum holders, of which 376 individuals, the proportion of their holdings as of May 1, was 33% as of May 1, compared to 47% in 2016. If you do, it has been greatly reduced. There is little impact on the price of Ethereum, but it is possible to destabilize the market through mass trading.

Chainnalysys explained that Ethereum prices tended to follow the Bitcoin movement from 2016 to the present. In addition, Chainnalysys also acknowledged the impact of these mass holders if the market price moves significantly, but that concerns over the impact are overstated.

Chainnalysys also announced a survey in April that 95% of cryptocurrency crimes are related to Bitcoin. In addition, it has also expanded to 10 types of cryptocurrency targets that monitor transactions in real time. Related information can be found here .