6 of the top 12 Ethereum wallets are exchange-controlled, holding 6.6605 million ETH

According to on-chain data, the top 12 Ethereum addresses include staking infrastructure, the WETH contract, exchange wallets, L2 bridges, and one address identified by Arkham Intelligence. Among them, the Beacon Deposit Contract holds 88.2898 million ETH, accounting for 73.16% of the total holdings of the top 12 wallets.

The Wrapped Ether contract holds 2.4431 million ETH, ranking second. Binance controls a combined total of 3.1906 million ETH through three wallets — Binance 7, Binance Hot Wallet 20, and Binance-Peg Tokens — valued at approximately $5.9 billion at $1,860 per ETH, making it the largest exchange holder among the top 12 wallets.

Two Robinhood wallets hold a combined total of 1.5885 million ETH, worth about $2.9 billion; the Upbit wallet holds 1.046 million ETH; Bitfinex holds 450,100 ETH; and the Gemini cold wallet holds 385,300 ETH. Wallets controlled by exchanges collectively hold 6.6605 million ETH, accounting for approximately 5.52% of the reference supply of 120.68285 million ETH.

Among L2-related addresses, the Arbitrum Bridge holds 819,700 ETH, and the Base Portal holds 807,100 ETH. Excluding network infrastructure like the Beacon Deposit Contract and Wrapped Ether, the remaining 10 wallets hold a combined total of 8.2873 million ETH.