Someone just made a move that's impossible to ignore.
Two fresh wallets—both carrying the signature fingerprints of Bitmine's trading patterns—just scooped up a combined $130 million worth of ETH. Not small change. Not a test run. A full-blown accumulation play.
Here's where it gets interesting: this isn't their first rodeo this week. Bitmine's been on an absolute tear, stacking 97,650 ETH in just the past seven days. Do the math—that's serious conviction.
But the real kicker? Their total position now sits at a staggering $12 billion in Ethereum. Yes, billion with a B. That translates to roughly 3.16% of the entire circulating supply.
Let that sink in for a second. A single entity now controls over 3% of all ETH in existence. Whether you see this as bullish accumulation or centralization risk, one thing's crystal clear: the whales are moving, and they're moving big.
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wagmi_eventually
· 5h ago
130 million swallowed in one go, just how big of an appetite is that...
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Wait, 3% of the circulating supply? It feels a bit off for a single institution to be buying this much.
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ngl this pace is a bit crazy, 97k ETH in a week, are they really betting on some big event?
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Damn, we really need to pay attention to this centralization issue. Are we buying decentralization or just working for the whales?
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$12b, huh. What could I do with that money... Wait, is this about something I'll never have?
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So basically bitmine is deciding the direction of ETH's price? And this is supposed to be decentralized governance? lol
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The key is, why are they being so aggressive at this point in time? They definitely know something we don't.
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Dude is just setting up the next pump, bet 5 bucks on it.
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Doesn't look like accumulation, this is just building a position and waiting for some catalyst.
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WalletDivorcer
· 5h ago
Damn, bitmine’s move is really bold... 97k ETH in one week? This guy must have a lot of confidence in the future.
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DegenTherapist
· 5h ago
$1.2 billion locked, this guy is really making a big bet
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Damn, stacking 97,650 in a week, you’d have to be super bullish on ETH to do that
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3% of circulating supply... wake up everyone, centralization is coming
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Either way, this move alone shows their attitude, should we follow along for some scraps?
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I just want to know when they’ll dump, gotta be careful
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This is why we can never win, they move $1.3 billion in a week and I’m still calculating fees
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Seriously? One wallet can hold that much ETH? That’s cold-blooded
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Wait, what if this is phishing... too much fake info out there
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Please, not another “whale in action” story, I’m sick of it
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3% sounds scary, but on the flip side, 97% is still in retail hands
Someone just made a move that's impossible to ignore.
Two fresh wallets—both carrying the signature fingerprints of Bitmine's trading patterns—just scooped up a combined $130 million worth of ETH. Not small change. Not a test run. A full-blown accumulation play.
Here's where it gets interesting: this isn't their first rodeo this week. Bitmine's been on an absolute tear, stacking 97,650 ETH in just the past seven days. Do the math—that's serious conviction.
But the real kicker? Their total position now sits at a staggering $12 billion in Ethereum. Yes, billion with a B. That translates to roughly 3.16% of the entire circulating supply.
Let that sink in for a second. A single entity now controls over 3% of all ETH in existence. Whether you see this as bullish accumulation or centralization risk, one thing's crystal clear: the whales are moving, and they're moving big.