Ethereum

Secret

Stash

<ul class="news-points">
 <li><strong>DBS Bank, Singapore’s largest bank, has been identified as holding 173,700 ETH, worth $650 million.</strong></li>
 <li><strong>The bank has earned over $200 million from its Ethereum holdings, highlighting its significant stake in the cryptocurrency.</strong></li>
 <li><strong>Ethereum is trading at $3,743.17, with a 24-hour trading volume of $16.84 billion, despite a 1.82% decline in the last 24 hours.</strong></li>
</ul>
<p>Nansen, a blockchain analytics firm, has identified DBS Bank, the largest bank in Singapore, as a major holder of Ethereum. The bank’s Ethereum wallet, containing 173,700 ETH valued at approximately $650 million, has drawn considerable attention in the cryptocurrency community. This substantial investment has yielded profits exceeding $200 million, underscoring the bank’s strategic position in the crypto market.</p>
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   <p lang="en" dir="ltr">We've identified this $650m <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31&nbsp;Dec'23<br><br>This address has made over $200m by holding ETH… <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Track the address on Nansen here: 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e <a href="https://t.co/2rkM3cZ6gJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2rkM3cZ6gJ</a></p>— Nansen <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9ed.png" alt="🧭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@nansen_ai) <a href="https://twitter.com/nansen_ai/status/1796087551486554590?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 30, 2024</a>
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<p>As of December 31, 2023, DBS Bank’s total assets amounted to S$739 b…</p>
<p>The post <a href="https://coinedition.com/blockchain-analytics-firm-nansen-uncovers-dbs-banks-secret-ethereum-stash/" rel="noopener noreferrer nofollow">Blockchain Analytics Firm Nansen Uncovers DBS Bank’s Secret Ethereum Stash</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Blockchain Analytics Firm Nansen Uncovers DBS Bank’s Secret Ethereum Stash

Coin Edition

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