On-chain data shows that large wallets on the Ethereum network continue to accumulate despite the price decline the asset is facing.
At least 100,000 Ethereum holders $ETH Now you can control 22% of your supply
Ethereum investors own at least $100,000, according to data from on-chain analytics firm Santiment. $ETH It’s been piling up lately. At current exchange rates, this 100,000 $ETH The cut-off amount translates to nearly $200 million, so the only holders in this cohort will be large-money holders.
In fact, the amounts held by members of this group are so significant that they would probably be classified as large among the popular whales when classifying influential investors.
Here is a graph showing the trend in the total supply held by these Ethereum giant whales over the past few months.
Over 100,000 Ethereum investors as shown in the graph above $ETH Since the beginning of May, we have added a total net amount to our holdings. Interestingly, this accumulation trend has persisted despite the market turning soft later this month.
From the graph, these huge $ETH Investors currently hold a total of 17.41 million tokens, the highest in nearly nine weeks. In terms of supply ratio, the company’s holdings account for 22.03%, which is the highest in 10 weeks.
While the fact that a large number of Ethereum whales have been increasing their holdings recently could of course be a positive sign for the cryptocurrency, it should be noted that the supply of this group is still in an overall decline since Q4 2025. Given this, it remains to be seen whether current trends will continue long enough to reverse this decline.
In related news, on-chain analytics firm CryptoQuant also shared some data related to large holders, but this time regarding the Bitcoin network.
As is evident from the graph on the right, Bitcoin whales experienced an increase in supply in January and February, but since then, the 30-day supply change has declined to a neutral level. At the same time, a smaller group of dolphins (shown on the left) is also retreating in accumulation. “Historically, when both cohorts stall at the same time, a sustained price decline tends to follow,” CryptoQuant explained.
$ETH price
Ethereum has returned to the $2,000 level for the first time since late March after falling more than 6% over the past week.
