Summary
- It was reported that Bitmain was recently spotted purchasing an additional 16,693 ETH (about $50.1 million) through a new wallet.
- According to LookonChain, the wallet received ETH from FalconX and is believed to be an address associated with Bitmain.
- It suggests that Bitmain continues to accumulate Ethereum amid the downturn.
Bitmain, which has been steadily buying Ethereum (ETH), was observed to have additionally purchased more than 10,000 ETH.
On the 30th (local time), LookonChain reported that a newly created wallet (0x2e6c) received 16,693 ETH (about $50.1 million) from FalconX. The wallet is presumed to be an address associated with Bitmain.
This is interpreted as another sign that Bitmain is actively accumulating during the downturn. Previously, Bitmain also received 20,532 ETH from BitGo through a new wallet the day before.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
