{"id":45632,"date":"2025-09-04T05:01:38","date_gmt":"2025-09-04T05:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45632"},"modified":"2025-09-04T05:01:38","modified_gmt":"2025-09-04T05:01:38","slug":"just-10-wallets-control-majority-of-ethereum-supply-how-do-other-eth-tokens-compare","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45632","title":{"rendered":"Just 10 Wallets Control Majority Of Ethereum Supply: How Do Other ETH Tokens Compare?"},"content":{"rendered":"
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On-chain data shows over half of the Ethereum supply is held by just 10 addresses. Here\u2019s how other ETH-based tokens like Shiba Inu stack up.<\/p>\n

Shiba Inu, Uniswap, & Ethereum Are Among The Most Centralized ETH Tokens<\/h2>\n

In a new post<\/a> on X, on-chain analytics firm Santiment has talked about how the different assets in the Ethereum ecosystem<\/a> line up against each other in terms of the amount of supply that\u2019s concentrated on the top 10 wallets.<\/p>\n

Below is the chart shared by Santiment that shows the trend in this metric for eight cryptocurrencies over the past few months.<\/p>\n

\"Ethereum<\/p>\n

From the graph, it\u2019s visible that 51% of the Ethereum supply is owned by the 10 largest wallets on the network. This is more than most of the other ETH-based tokens on the list.<\/p>\n

The two coins that are ahead in this metric are Shiba Inu (SHIB) and Uniswap (UNI). The latter is only marginally ahead of ETH with a value of 52.2%, but the former is significantly ahead at 62.3%.<\/p>\n

Generally, a cryptocurrency\u2019s supply being heavily concentrated on just a few hands doesn\u2019t tend to be a constructive signal, as it means only a few players are needed to move the market.<\/p>\n

Beyond market dynamics, supply centralization has another drawback: it potentially weakens the network security. Chains like Ethereum\u2019s run on a consensus mechanism called the Proof-of-Stake (PoS)<\/a>. Under this system, validators called stakers have to lock up a stake in order to receive a chance at adding the next block to the chain.<\/p>\n

The higher is a validator\u2019s stake, the higher is the chance that they get picked. If a single staker crosses the 51% supply threshold, they can, in theory, gain total control over the blockchain.<\/p>\n

This type of attack doesn\u2019t exist on Bitcoin, where the Proof-of-Work (PoW)<\/a> consensus mechanism is employed instead. In PoW networks, miners compete against each other using computing power. Here, too, however, if a validator gains control over 51% of the network computing resources, they can mold BTC to their will.<\/p>\n

Considering that Ethereum has just 10 holders controlling 51% of the supply, an attack on the network is possible if these entities come together. The chances of it happening, though, are quite slim.<\/p>\n

Still, the fact the likes of ETH, SHIB, and UNI are notably centralized on just a few holders could be something to watch for. In contrast, some other tokens in the ecosystem like USDC (28.6%), DAI (31%), and Chainlink (31.5%) are in a healthier zone in terms of this metric.<\/p>\n

ETH Price<\/h2>\n

Ethereum has seen a surge of almost 4% over the last 24 hours that has taken its price to the $4,380 mark.<\/p>\n

\"Ethereum<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows over half of the Ethereum supply is held by just 10 addresses. Here\u2019s how other ETH-based tokens like Shiba Inu stack up. Shiba Inu, Uniswap, & Ethereum Are Among The Most Centralized ETH Tokens In a new post on X, on-chain analytics firm Santiment has talked about how the different assets in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45632","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45632"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45632\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}