The decentralized finance platform Gnosis is now the third-largest holder of the Ether (ETH) coin supply. Gnosis’ multi-signature storage safe received a deposit of 1,500,000 ETH on Jan. 14 — worth over $1.7 billion at the time of the transaction.
Although its foray into the storage industry began a little over a month ago, a vast majority of the ETH in the Gnosis safe appeared in the past 24 hours. Up until a few days prior, the address contained just 250,001 ETH. But a 600,000 ETH ($677 million) transaction on Jan. 13, followed by Thursday’s, sent Gnosis from 32nd to third among Ethereum’s largest custodians.
These two deposits increased the number of ETH in Gnosis’ safe to over 2.5 million, equating to a total dollar value of over $2.9 billion. That moved Gnosis up the Ether rich list, making it the third-largest holder of the ETH coin supply behind only Binance, and Ethereum itself.
Top-10 Ether rich list. Source: Etherscan.io