Whale Wallets Signal Corporate Accumulation
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Blockchain firms Lookonchain and Arkham both flagged the movement of three new wallets, each receiving $75M worth of ETH from BitGo and Kraken.
The acquisition patterns mirror BitMine’s recent buys, suggesting the world’s largest ETH treasury is aggressively scaling up.
“The crypto liquidation created a price decline in ETH, which BitMine took advantage of,” said Tom Lee.