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
· 18h ago
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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HashRateHustler
· 01-19 08:06
3.372% is indeed quite a lot, but how did this number suddenly appear?
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liquiditea_sipper
· 01-19 08:04
3.372% sounds like a lot, but the diversification is actually quite good.
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NftDeepBreather
· 01-19 07:54
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.