Bitmine has accumulated a significant position in the Ethereum network, now controlling 3.372% of ETH's total circulating supply. This substantial whale concentration raises questions about market dynamics and potential impact on ETH liquidity. Such major holdings by institutional players are closely watched by traders monitoring on-chain data shifts and institutional behavior patterns in the crypto market.
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ContractSurrender
· 6h ago
Whales hoard coins, retail investors make the purchase.
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SchrodingerAirdrop
· 19h ago
3% may seem like a lot, but it's actually very diversified.
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Anon4461
· 19h ago
3.372% sounds significant, but with ETH's market cap being so large, can Bitmine really shake the market? The key still depends on how they move these coins.
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HashRateHustler
· 19h ago
3.372% is indeed quite a lot, but how did this number suddenly appear?
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liquiditea_sipper
· 19h ago
3.372% sounds like a lot, but the diversification is actually quite good.
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NftDeepBreather
· 19h ago
3.372% looks high, but the real focus should be on the subsequent developments
Bitmine has accumulated a significant position in the Ethereum network, now controlling 3.372% of ETH's total circulating supply. This substantial whale concentration raises questions about market dynamics and potential impact on ETH liquidity. Such major holdings by institutional players are closely watched by traders monitoring on-chain data shifts and institutional behavior patterns in the crypto market.