Over 50% of Ethereum Held by Just 10 Wallets: Concentration Risks Spark Debate

A recent analysis reveals that Ethereum’s total supply is concentrated in the hands of only 10 wallets, holding over half. This finding has renewed discussion about the risks associated with centralization in cryptocurrencies. The blockchain, known for powering decentralized applications and smart contracts, now raises concerns about potential influence on governance, liquidity, and even price stability due to this significant concentration of ownership.