Santiment published a post on X stating that there are currently 104 whale wallets holding at least 100,000 ETH, with a total holding of 57.35% of the existing ETH, a record high, currently worth about $333.1 billion.
At the same time, the supply share of wallets holding 100-100,000 ETH is at a historical low of 33.46%. The supply share of wallets holding less than 100 ETH is close to a 4-year low of 9.19%.
It is worth noting that ETH wallets are increasingly composed of DeFi and staking wallets. When the most prominent key stakeholders of a token continue to accumulate, this is generally still a bullish long-term signal, especially when it is a 9-year-old asset and the proportion of tokens held by whales has reached an all-time high.