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Just 104 Ethereum Whales Control 57% Of All Supply, Data Reveals
- The mega whales, consisting of only 104 members, today own 57.35% of the ETH supply, a new all-time high.
- The holdings of the sharks and whales sit at an all-time low of 33.46%.
- The centralization of supply is not positive for Ethereum, as it runs on a Proof-of-Stake mechanism.
- Some mega whales may be staking pools and platforms holding coins on behalf of many investors.
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