DBS Emerges as Major Ethereum Investor with $650M in ETH: Nansen
DBS, Singapore’s largest bank, has been identified as a major holder of Ether (ETH), according to on-chain analytics firm Nansen.
The blockchain address associated with DBS reportedly holds 173,753 ETH, valued at approximately $647 million at the current price of $3,730 per Ether.
Nansen’s data also indicates that the address has generated over $200 million in profit from its ether holdings.
As the native token of the Ethereum blockchain, Ether has gained considerable traction in recent years, becoming a preferred choice for investment banks to tokenize capital markets.
We've identified this $650m $ETH Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31 Dec'23
This address has made over $200m by holding ETH…
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