2026-01-19 07:37:30

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.

ETH-2,08%

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GamefiGreenie

· 01-21 19:42

3.372% sounds like a lot, but what really matters is how Bitmine moves these coins. If they are just sitting in cold wallets, the impact isn't that significant. The key is when they start to ship out, that will be the real test of liquidity.

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SoliditySurvivor

· 01-21 16:50

A 3% holding volume is indeed worth paying attention to, but it may not necessarily be a bad thing.

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ContractSurrender

· 01-19 21:11

Whales hoard coins, retail investors make the purchase.

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SchrodingerAirdrop

· 01-19 08:07

3% may seem like a lot, but it's actually very diversified.

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Anon4461

· 01-19 08:07

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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