Bitmine’s wallet completed substantial Ethereum transfers totaling over $18 million in a single day, fully emptying its holdings and highlighting significant liquidity activity, reports on-chain analyst Yu Jin.
On-chain analyst Yu Jin reported that Bitmine transferred 4,308 ETH worth $8.74 million to Coinbase Prime within two hours, contributing to a total daily transfer of 9,257 ETH valued at $18.79 million. The wallet is now emptied, indicating major liquidity movements by the mining entity.