Which Wallets Hold the Most ETH?

 Ethereum price hovers above $2,900, with a market cap of $353.71 billion and a circulating supply of 120.69 million ETH. As the second-largest cryptocurrency by market capitalization, Ethereum continues to thrive following its shift to proof of stake (PoS) and ongoing technical upgrades. 

The adoption is increasing due to the large investments in institutions, ETF products, and Web3-native companies. This has greatly affected the Ethereum distribution, considering this increased demand.

The ownership of Ethereum is also undergoing a transition because big owners and staking are having an impact on its total supply in 2025. The most significant wallets with the greatest number of Ethereum rich list are key in determining the future of Ethereum.

Top 10 Biggest Ethereum Holders

Ethereum holders continue to shape the crypto landscape with large amounts of ETH locked away across various addresses. As of 2025, Ethereum wallets that feature large amounts of ETH have hundreds of thousands of ETH, and some of them feature huge percentages of the total supply of ETH. The top 10 Ethereum holders, ordered by ETH balance, are as follows:

Beacon Deposit Contract – Ethereum’s Backbone

The Beacon Deposit Contract is the biggest Ethereum holder. The supply consists of more than 73 million ETH, which is 60.59% of the total in this contract. It is also essential in the Ethereum proof-of-stake system, whereby ETH is locked up to facilitate the security of the network. This high stake is crucial to the sustainability of Ethereum being decentralized.

Wrapped Ether (WETH) – DeFi’s Key Collateral

Wrapped Ether (WETH) is another large holder, and it holds more than 2.68 million ETH. With this contract, ETH can be wrapped in ERC-20 tokens and is a critical component of decentralized finance (DeFi) applications. WETH can be used to support several protocols, provide loans as security, and liquidity in the DeFi markets.

Binance 7 – Major Exchange Holding

Binance has large quantities of ETH in various addresses. One of its wallets, Binance 7, is almost 2 million ETH. Binance is a key player in the Ethereum world liquidity, and this wallet is important in helping to trade and stake ETH.

Robinhood – A Retail Investor’s Haven

Robinhood also has more than 1.17 million ETH in custodial wallets. The firm is known to have a retail-friendly strategy that enables users to trade cryptocurrencies at no cost. This increase in the crypto market is indicative of the increase in the demand of ETH among mainstream investors.

Upbit 41 – South Korea’s Crypto Exchange

Upbit, a major South Korean exchange, manages around 913,000 ETH. This wallet is part of Upbit’s extensive crypto holdings, which facilitate the exchange’s operations and user trades. With a strong user base, Upbit remains an important player in Ethereum liquidity.

Arbitrum: Bridge – Facilitating Layer-2 Transactions

Arbitrum Bridge contract contains more than 846, 000 ETH. ARBis a major example of an Ethereum Layer-2 that can facilitate quicker and less costly transactions. The holdings kept in this bridge enable an easy transition between the mainnet and the Arbitrum network of Ethereum.

Base: Base Portal – Ethereum’s Layer-2 Hub

The Base: Base Portal wallet contains a total of about 765,000 ETH. The wallet is one of Ethereum expanding number of Layer-2 solutions, which benefits the network congestion and improves the efficiency of transaction to both users and developers.

Binance: Binance-Peg Tokens – A Pegged Asset Giant

The other Binance wallet, Binance: Binance-Peg Tokens, is storing almost 555,000 ETH. This wallet is filled with Ethereum-based tokens pegged to other assets, allowing Binance to promote a large variety of decentralized applications throughout the Ethereum network.

Binance: Hot Wallet 20 – A Liquidity Hub

Binance: Hot Wallet 20 is another important wallet of Binance, holding about 539,000 ETH. It is essential in controlling the liquidity of the exchange and facilitating huge transactions in the Binance ecosystem.

Bitfinex 19 – Institutional Custody and Exchange

Bitfinex has approximately 450,000 ETH in Bitfinex 19. This wallet is included under the institutional-grade custody product line of Bitfinex, and it serves retail and institutional investors. Having a long history in crypto exchange services, Bitfinex still possesses a considerable amount of Ethereum.