Summary
- Mirae Ventures reportedly took advantage of the bear market to purchase Ethereum at a low price, worth about 67.5 billion won.
- Their average purchase price for Ethereum is estimated at $2,134, and it was revealed that all funds were re-deposited to Bybit.
- Mirae Ventures reportedly provided $600 million worth of Ethereum following the recent Bybit hacking incident.
Global Web3 investment firm Mirae Ventures has been spotted buying Ethereum (ETH) at a low price during the market downturn.
On the 28th, on-chain analyst 'Eye' said through X (formerly Twitter), "Around 1:30 PM that day, Mirae Ventures deposited $50 million worth of Tether (USDT) to FalconX, and two hours later withdrew 21,667 ETH."
He added, "Their average purchase price for Ethereum is estimated at $2,134," and "All withdrawn funds were re-deposited to Bybit."
Previously, it was reported that Mirae Ventures had supported Bybit with approximately $600 million worth of Ethereum over three days following the recent Bybit hacking incident.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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