yes and even less people own even more larger persentage of ethereum market this is type of thing that happen in world , smartest people adopt first and people who are with mental challenge adopt last . in this world majority of people not so smart so ratio always will be like this with every coin
I am still skeptical about the numbers that article is giving us but I have to say there is a huge difference between people holding bitcoin and people who own ethereum.
those who have any bitcoin have either bought it with their hard earned cash from the market or they have mined it in early years or are still mining it with ASICs and they are taking a big risk.
but those who are controlling ETH have gained their control through premining 70+ million of it! they are not risking anything, it is free money they got out of thin air.