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BitMine Receives 45,000 Ethereum Worth $95.3 Million After Whale Accumulation

According to the provided transaction details, 25,000 Ethereum was first withdrawn from a centralized exchange (crypto trading platform), sent to BitGo, and later transferred to BitMine addresses on April 1.

ETH

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Terms & Concepts
  • Centralized exchange: A crypto trading platform operated by a company that holds user funds and processes trades through a centralized system.
  • Whale: A market participant holding a very large amount of cryptocurrency, often large enough to influence trading flows or market attention.
  • BitGo: A digital asset custody firm that provides storage and transfer infrastructure for cryptocurrencies.