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Ethereum’s Decentralization in Question with 376 Wallets Holding One-Third of All ETH

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According to a new research by Chainalysis Inc., there are just 376 wallets holding as much as one-third of all the Ether, the token that runs the Ethereum blockchain. This figure is surprising for a few reasons, namely that it calls into question the level of decentralisation of the coin, as well as what the tokens are being used for.

The cryptocurrency market is still a relatively small one, and in that there has often been cases where big wallets and Whales have had enough capital behind them to move and manipulate the market – especially for Bitcoin where ...

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