The largest ETH wallets have been shrinking for three months. 🐋 Wallets holding more than 1,000 ETH shed roughly 1.7M coins between May 20 and Aug 20, about 2.9% of that tier. 📈 The 1 to 10 ETH tier gained share over the same window, from 4.38% to 4.52% of supply, rising on 65 days against 27 down days. 🧭 Most of those coins do not turn up in the smaller tiers. Only about 300k can be traced there, so the bulk likely sits in staking or contract addresses. 🏛️ The top tier holds exchange, bridge and staking contracts alongside individuals. ETH on exchanges fell from about 7.07M to 6.54M coins over the period. The largest wallets are shrinking. Where those coins went is the harder question. 🔗 Explore ETH wallet tiers in Sanbase: https://app.santiment.net/charts/eth-wallet-tiers-30768?utm_source=x&utm_medium=post&utm_campaign=ethwal_082026&aff=33 (researched with Santiment MCP + Claude)