The most important thing that bothers decentralized, centralized crypto projects.

Large titles holding a large number of cryptocurrencies can greatly affect the functioning of the coin’s price and possibly even control the voting decisions of the project.

However, almost any cryptocurrency has so-called “whales.” Among the cryptocurrencies that hold a few addresses with a large volume of coins, the Ethereum coin.

has been done independent audit For the most important 10,000 Ethereum wallets according to the balance in it, to get results that were somewhat expected, as these 10 thousand wallets have a balance of 91.7 million Ethereum, while 10% of them own 17% of this balance.

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To many people, these numbers may seem very alarming, but things may not be what they seem, as the audit and statistics included cryptocurrency exchange wallets in addition to smart contract wallets which would explain the current balance of some wallets.

As we have mentioned, the centralization of the positioning of currencies in a few wallets would greatly affect the reputation of the project and make it in the hands of a handful of users.

It also brings and raises a lot of discussions about the future of the project and the extent to which these whales control its path.

Given the upcoming transformation of the Ethereum network and its migration of Proof of Work to Proof of Stake, these wallets will be monitored even more.

In general, the distribution of Ethereum wallets is not much different from Bitcoin, which also has a small number of wallets that control a huge number of Bitcoin.

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