Singapore’s largest bank, DBS Bank, has been identified as an ETH whale, holding approximately $650 million worth of ETH

According to TechFlow, the on-chain analysis platform Nansen confirmed that DBS Bank, Singapore's largest bank, is the ETH whale starting with 0x9e927, holding 173,700 ETH, worth about US$650 million. As of December 31, 23, DBS Bank's total assets reached S$739 billion. By holding ETH, the address has earned more than US$200 million.