The new wallet received 22,000 ETH from BitGo, suspected to be a large-scale transfer by Bitmine.

2025-12-06 05:12:17

Abstract generation in progress

[BlockBeats] Just caught some significant activity—a freshly created wallet address received a large amount of ETH from BitGo about four hours ago, specifically 22,676 ETH, which is roughly $68.86 million at current prices.

The identity behind this address is quite interesting. Based on on-chain analysis, there’s an 80% chance it’s linked to Bitmine. Transfers of this magnitude are typically not retail behavior and look more like an institution rebalancing or preparing for a major move.

What’s worth watching is where these funds go after leaving the custody platform. Tens of millions of dollars’ worth of ETH suddenly entering a new address raises questions—will it be held, dispersed, or sent to an exchange? The follow-up actions often reveal more signals.

ETH0.38%

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GasFeeAssassin

· 17h ago

It’s BitGo, the old wallet again—22,000 ETH dumped. There’s definitely some insider info behind this move. Could it be that Bitmine is about to dump? I bet fifty cents that the funds will flow to an exchange next.

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TestnetFreeloader

· 12-06 23:21

Oh no, what is BitGo up to again? Over 20,000 ETH dumped directly in—this pace is pretty intense.

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0xSoulless

· 12-06 05:41

Here comes another big whale move—this time, BitGo is offloading, and Bitmine is picking up the slack? Nearly $68.86 million was quietly shifted like this. Do they really think we're blind?

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0xSleepDeprived

· 12-06 05:35

Here comes another whale dumping, over 20,000 ETH was transferred out just like that.

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DogeBachelor

· 12-06 05:31

Hmm... more than 20,000 ETH suddenly appeared, this pace feels a bit tense. What's BitGo up to again, feels like they're about to dump. Let's see if it flows to exchanges next. If it does, we need to be prepared.

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MemecoinTrader

· 12-06 05:31

ngl, bitgo whale movements are literally the most predictable psyops setup. watch this sentiment cascade unfold in real time lmao

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HodlOrRegret

· 12-06 05:26

More than $60 million was quietly transferred out just like that. Why is there no reaction from BitGo? Is Bitmine planning to dump or are they preparing for something big?

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Deconstructionist

· 12-06 05:22

Tens of millions poured into a new address—are they about to dump or are they accumulating? Just looking at the transfers is meaningless; you have to watch what they do next.

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