Ethereum’s largest wallets hold more than 82% of the supply tracked across the network’s top 12 addresses, according to onchain data reviewed by Bitcoin.com News.
Key Takeaways
The Beacon Deposit Contract holds 88.29 million ETH, 73.16% of the top 12 wallets tracked.Binance controls 3.19 million ETH across three separate wallets, the most of any exchange.Arbitrum and Base bridges combined lock 1.63 million ETH as Layer 2 activity expands.The size of these bridge balances tracks growing activity on both networks, as traders and applications continue moving funds off Ethereum’s base layer in search of lower fees and faster settlement.
What the Concentration Means for TradersFor traders who track exchange reserves as a signal of selling or accumulation pressure, the data shows custody split across multiple addresses per exchange rather than concentrated in one. Binance and Robinhood both operate separate hot and cold wallets, meaning analysts need visibility into all of an exchange’s tagged addresses, not just the most active one, to draw accurate conclusions about reserve trends.
