Mysterious Whale or Institution? Who’s Snapping Up ETH?
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Ethereum's native token has seen significant accumulation by various investors, including a mysterious institution that has withdrawn 92,899 ETH (valued at $412 million) from Kraken. This entity created three new wallets in under a week, but little is known about it. Bitmine Immersion Technologies remains the largest ETH holder with 1.3 billion tokens, while the Ethereum Foundation continues to sell off its holdings, recently disposing of 7,294 ETH for $33.25 million.
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