Five addresses believed to be Bitmain receive 104,336 ETH from BitGo and Kraken…approximately $416 million
Suehyeon Lee
Summary
- Five newly created wallets believed to be Bitmain received 104,336 Ethereum(ETH) from BitGo and Kraken.
- The amount of these Ethereum holdings is approximately $416 million, which suggests significant capital movement in the market.
- It reported that Bitmain has attracted investor attention for large-scale Ethereum accumulation following the recent market slump.
Five newly created wallets believed to be Bitmain received more than 100,000 Ethereum (ETH) transferred from BitGo and Kraken.
On the 16th (local time), OnChainLens reported that the five new addresses estimated to be Bitmain received a total of 104,336 ETH from BitGo and Kraken, which amounts to approximately $416 million (about 576 billion won).
Bitmain has been accumulating large amounts of Ethereum following the recent market crash, and last week it secured about 128,718 ETH (worth approximately $480 million) immediately after the plunge.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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