104 Ethereum whale wallets now hold at least 100,000 ETH, accounting for 57.35% of all existing ETH, valued at approximately $333.1 billion. This marks an all-time high for the top-tier investors, showing significant accumulation of Ethereum at a time when the asset is experiencing volatility.

Interestingly, wallets holding between 100K and 100 ETH represent only 33.46% of the total ETH supply, the lowest in history. Additionally, smaller wallets holding less than 100 ETH have dropped to a near four-year low of 9.19% of the supply.

This shift is seen as a generally bullish signal for the cryptocurrency market, especially for long-term Ethereum holders. While decentralized finance (DeFi) and staking wallets now make up a larger portion of Ethereum’s market cap, the ongoing accumulation by whales suggests a strong belief in Ethereum’s future growth potential, signaling optimism for the asset’s longevity.