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The latest data reveals significant changes in the Ethereum holding pattern, suggesting that this blockchain platform may face profound power restructuring.
Data shows that an organization named BitMine has recently significantly increased its Ether holdings, currently owning 1.52 million ETH, accounting for approximately 1.26% of the total circulating supply. Even more noteworthy is that institutional investors, including ETFs, have now controlled nearly 8.8% of the circulating Ether supply, with a total value exceeding $45 billion.
In the institutional holdings ranking, BitMine is far ahead, followed by SharpLink Gaming and The Ether Machine. It is worth noting that the holdings of the Ethereum Foundation have seen a slight decrease.
The change in this position pattern may bring several important impacts:
First, the ETH market may accelerate "de-retailization". The large-scale entry of institutional investors may weaken the influence of retail investors and could lead to a long-term tightening of ETH liquidity.
Secondly, the competition for staking power may intensify. If large institutions heavily invest their held ETH into the staking pool, it may impact the level of decentralization of the network.
Third, this situation may have an impact on regulation. Large financial institutions purchasing a significant amount of Ether through various channels may indirectly prompt regulatory agencies to reconsider the legal status of Ether.
Finally, the divergence in attitudes among various parties has become increasingly evident. While most institutions are increasing their holdings of ETH, the Ethereum Foundation has slightly reduced its holdings, which is a contrast worth noting.
As the proportion of institutional holdings continues to rise, it is expected that the power dynamics of the Ethereum ecosystem may undergo significant changes in the coming years. This shift is not only related to investment but also concerns the future development direction of the entire Ethereum network.