Ethereum Foundation Sells ETH To BitMine As Whale Accumulation Intensifies
The Ethereum Foundation has completed a direct sale of 5,000 ETH to BitMine Immersion Technologies, the publicly traded treasury firm chaired by Fundstrat’s Tom Lee, in an over-the-counter transaction valued at $10.2 million. The transaction comes at a time when large investors appear increasingly comfortable accumulating Ethereum during the current price range, with on-chain data showing several large wallets quietly building major ETH positions in recent days. Related Reading: DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network BitMine Continues....
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Barely a month after its first transaction with BitMine, the Ethereum Foundation has announced another sale of significant amounts of Ether tokens to the digital asset treasury (DAT) company. BitMine Picks Up Additional 10,000 ETH From Ethereum Foundation In an April 24th post on the X platform, the Ethereum Foundation disclosed that it has “finalized […]
The Ethereum Foundation (EF) announced that it has completed an over-the-counter (OTC) sale of 5,000 ETH over the weekend. According to the organization’s disclosure, proceeds from this sale will be directed towards its core operations and other activities. Ethereum Foundation Sells $10 Million In ETH To BitMine In a March 14 post on the social […]
Despite still having a market cap in the billions, Avalanche (AVAX) has struggled significantly over the last few years. The coin had seen its shine back in the DeFi summer of 2021-2022, but since then, it has essentially been downhill from there, save for a few recoveries over the years. Now, though, as the market enters what seems to be another accumulation trend, coins like AVAX are beginning to swim back to the fore, raising the question of whether there is still hope for them. Why AVAX Could Crash Further Crypto analyst RLinda shed more light on the current AVAX price movements and....
Ethereum treasury company Bitmine has announced that it loaded up on 71,179 ETH over the past week, taking its supply share to 3.92%. Bitmine Has Continued Its Aggressive Ethereum Accumulation As announced in a press release, Bitmine participated in additional Ethereum buying during the last week. In total, the firm has added 71,179 ETH with […]
Ethereum is fighting to hold the $2,800 level after a brutal correction that has erased more than 45% of its value since late August. The sharp decline has flipped market sentiment decisively bearish, with many traders fearing that ETH has entered a prolonged downtrend. Bulls are struggling to establish a reliable support level, and the lack of strong buy-side reaction so far has only intensified uncertainty. Liquidity continues to thin out across major exchanges, reinforcing the narrative that the market is still deep in a risk-off phase. Related Reading: Anti-CZ Whale Loses Big: $61M in....