🚨 Whale Alert: Bitmine Immersion holds 12 billion USD worth of ETH, accounting for 3.2%!

An entity named Bitmine Immersion has quietly accumulated 3.2% of the current total supply of ETH, valued at up to 12 billion USD. This is not only a massive fortune but also a significant influence on the Ethereum network. Such concentrated holdings could affect market liquidity and are seen as an extreme bullish bet on the long-term value of ETH.

For traders, this means closely monitoring the movements of this address. Any large transfers or staking activities could trigger substantial market volatility. This is not ordinary news; it's a game-changing distribution of chips.

💡 Key Insight: An entity controlling such a large proportion of ETH greatly reduces the circulating supply. This is typically a long-term bullish signal, but it also increases the risk of market fluctuations due to the actions of a single large holder. Keep a close eye on on-chain data, especially the movements from this address.

#ETH #Ethereum #Whale #Cryptocurrency #OnChainData #BinanceSquare