Wallet Linked to BitMine Receives Another 20,000 ETH, Signaling 45,000 ETH Accumulation
Suehyeon Lee
Summary
- Onchain Lens said a newly created wallet received an additional 20,000 ETH from FalconX.
- The wallet is believed to be linked to BitMine, bringing total inflows to about 45,000 ETH.
- The market viewed the move as a continued accumulation signal from institutional money and a likely storage phase following purchases.
Forecast Trend Report by Period
On-chain flows indicate BitMine may have added to its Ether holdings.
On April 29, on-chain data platform Onchain Lens reported that a newly created wallet received about 20,000 ETH, worth roughly $45.85 million, from FalconX. The wallet is believed to be linked to BitMine.
The same wallet had previously received 25,000 ETH from BitGo, bringing total inflows to about 45,000 ETH, or roughly $103 million.
The market is reading the transfers as a sign of continued institutional accumulation. With the assets moving to a new wallet through a custody provider and an over-the-counter desk, the transfers may represent a post-purchase storage step.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
