Is DBS Bank of Singapore an Ethereum Whale? Related Addresses Hold Over $600 Million Worth of ETH

According to information shared by on-chain data analytics company Nansen, a wallet address controlled by DBS Bank of Singapore – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e – holds 173,753 ETH, which is equivalent to $647 million at the current market price. Nansen estimates that this address has a current unrealized gain of over $200 million based on the timing of the Ethereum inflows.

However, it should be noted that since DBS Bank began offering digital asset trading services to qualified investors as early as September 2022, it is highly likely that these Ethereum holdings are custodial assets held on behalf of the bank's clients rather than direct investments by the bank itself.

This article is from Zombit:https://zombit.info/dbs-is-an-ether-whale-with-nearly-650m-in-eth-nansen/

Yours Sincerely,

AIC Team

2024/6/3