Ethereum's long-awaited proof-of-stake (PoS) consensus mechanism upgrade will begin in the third or fourth quarter of 2022. So who is the tope Ethereum Holders and does Elon Musk own Ethereum? If you want to know that, let’s read the article below.
Who is the top Ethereum Holders?
Everyone might be thinking the same answer that Vitalik Buterin may be the top Ethereum Holders but it is wrong. A more realistic question is: "What has the most Ethereum?" With a balance of 9.5 million ETH ($26.86 billion), the largest address is the Eth2 deposit contract - the staking contract for the Ethereum 2.0 upgrade, due sometime in 2022 time to happen. Since this is a smart contract address, no one will be able to access the funds, which will be returned to users after the migration.
The second largest holder is also a smart contract: Wrapped Ether, which holds 7.46 million ETH ($20.3 billion). Wrapped Ether (WETH) is a protocol designed to convert ETH to the ERC20 standard to make tokens available to Ethereum-based DApps (Decentralized Applications).
Does Elon Musk own Ethereum?
Musk went on to say: "Out of curiosity, I got some ascii hash strings called 'Bitcoin, Ethereum & Doge'. That's it." Of course, two of them are logical: Bitcoin and Ethereum are Two big names in the crypto space. To others, Dogecoin may seem like a crazy bet, but when you're Elon Musk and can raise the price by tweeting a meme? This could be an investment as good as any.
I hope this article will help you to know who is the top Ethereum Holders and does Elon Musk own Ethereum. There were 201.76 million Ethereum holders as of 2022.
