Top Ethereum Holders Shaping the Future of ETH in 2025

Ethereum continues to show strength in 2025 as its price hovers above $2,900, supported by a market cap of roughly $353.71 billion and a circulating supply of about 120.69 million ETH. As the second-largest cryptocurrency, Ethereum’s transition to proof of stake (PoS), rising institutional interest, and constant network upgrades keep driving adoption. Large investments from institutions, ETF issuers, and Web3 companies have significantly influenced Ethereum’s distribution, shifting ownership patterns as staking and major wallet holders play bigger roles in determining the direction of ETH’s supply and value.

The biggest Ethereum holder today is the Beacon Deposit Contract, securing over 73 million ETH—more than 60% of the total supply locked for network validation. This massive stake underscores the importance of Ethereum’s PoS system and its decentralized security model. Another major holder is Wrapped Ether (WETH), with over 2.68 million ETH stored in its contract. WETH serves as the backbone of DeFi by allowing ETH to function as an ERC-20 token across lending, trading, and liquidity protocols.

Crypto exchanges also dominate the Ethereum rich list. Binance’s wallet known as Binance 7 holds nearly 2 million ETH, highlighting its influence in liquidity and trading. Robinhood controls more than 1.17 million ETH through its custodial services, reflecting strong demand from mainstream retail investors. Upbit, one of South Korea’s largest exchanges, manages approximately 913,000 ETH to support its active user base.

Ethereum’s expanding Layer-2 ecosystem also appears among the top holders. The Arbitrum Bridge contains more than 846,000 ETH, enabling efficient transfers between the mainnet and Arbitrum. The Base Portal wallet holds around 765,000 ETH, supporting Coinbase’s Layer-2 network focused on scaling and developer activity.

Additional major wallets include Binance-Peg Tokens with nearly 555,000 ETH, Binance Hot Wallet 20 with around 539,000 ETH for exchange liquidity, and Bitfinex 19 holding about 450,000 ETH for institutional and retail clients. These top Ethereum holders illustrate how exchanges, Layer-2 networks, and staking contracts continue to shape Ethereum’s supply, liquidity, and long-term ecosystem growth.