Ethereum Supply Concentration Increases Among Top Addresses

According to BlockBeats, data from Glassnode indicates that as of Wednesday, the top 1% of addresses hold 97.6% of the Ethereum supply, an increase from 96.1% a year ago. Despite this concentration, Iliya Kalchev, a scheduling analyst at digital asset platform Nexo, notes that the market reaction remains "restrained." Stable capital inflows and rising derivatives trading activity suggest that investors are selectively rebuilding portfolios rather than actively rotating across the financial system.