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Key takeaways:
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Around 70% of all ETH is held by just 10 addresses, but most belong to staking contracts, exchanges or funds, not individual whales.
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Nearly half of all ETH sits in a single smart contract: the Beacon Deposit Contract that powers Ethereum’s proof-of-stake system.
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Big institutions like BlackRock, Fidelity and listed companies now hold millions of ETH, turning Ether into a serious treasury asset.
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ETH ownership has moved on from early adopters. Today, it’s all about the platforms and services building on top of it.
As of August 2025,…
