Derived from BitcoinWorld, a wallet suspected to belong to Bitmain has acquired 20,532 ETH, valued at $62.8 million, according to blockchain analytics firm Onchain-Lenz. The transaction, which moved funds from BitGo to the suspected Bitmain wallet, is one of the largest institutional Ethereum purchases in recent months. The move is seen as a sign of institutional confidence in Ethereum's future and may signal broader market trends.
Bitmain Suspected Wallet Acquires $62.8M in Ethereum
BitcoinWorldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.