Singapore Based Giant Bank Ethereum Whale Released!

Remarkable data revealed that Singapore's largest bank, DBS, is a significant Ethereum whale.

On-chain analysis platform Nansen announced that DBS is an Ethereum whale in its post dated May 30. In the transferred data, it was noted that the giant bank owned 173,387 ETH worth $650 million.

The bank has made over $200 million in profit so far thanks to its Ethereum investment. The address detected by Nansen and thought to belong to DBS was recorded as "0x9e927c02c9eadae63f5efb0dd818943c7262fb8e".

There are no crypto assets other than Ethereum at the address in question.

According to CoinGecko data, Ethereum, which has lost 2% in value in the last 24 hours, is traded at $ 3,742 at the time of writing.