Ethereum Rich List 2025: Exchanges & Staking Dominate ETH
The 2025 Ethereum Rich List reveals that network staking contracts, crypto exchanges and institutional investors now dominate ETH holdings. On-chain data shows the ETH2 Beacon Deposit Contract locks over 66.8 million ETH—more than half of circulating supply—via validator staking. Exchanges represent 55% of top 20 addresses, led by Coinbase (4.93 M ETH), Binance (4.23 M) and Kraken (1.7 M). Institutional products such as BlackRock’s iShares Ethereum Trust hold 3.2 M ETH, while corporate treasuries like BitMine focus on yield-bearing positions. Individual whales like Rain Lohmus (250 K ETH) and Vitalik Buterin (240 K) now rank smaller. Illicit actors, including Gatecoin and FTX hackers, also persist. This Ethereum Rich List underscores how staking contracts and crypto exchanges shape ETH liquidity and supply. Traders should watch staking flows and exchange reserves for potential market signals.
Bullish
The dominance of staking contracts and institutional holdings suggests sustained ETH demand and constrained supply. Large deposits in the ETH2 Beacon Deposit Contract lock significant volume out of circulation, while growing allocations from BlackRock and other institutional products reinforce market confidence. Exchange balances, although substantial, have remained stable, reducing fears of imminent large-scale sell-offs. In the short term, rising staking inflows may tighten liquidity, exerting upward pressure on ETH prices. Over the long term, deeper institutional involvement and protocol-driven staking strengthen network fundamentals, supporting a bullish outlook for ETH.