Possible identity of massive Ethereum whale holding staggering $650 million worth of ETH has been uncovered
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The intrigue deepens as DBS Bank has not officially confirmed wallet ownership. Despite this, the evidence presented by Nansen suggests that the wallet's holdings could be part of DBS Bank's digital exchange for accredited investors.This speculation arises from the fact that the ETH held by the wallet could represent assets managed on behalf of investors, rather than direct bank assets.
In 2020, DBS Bank revealed a crypto trading and custody service and a platform for conducting security token offerings. At that time, DBS Exchange stated that while it would not hold any assets itself, it would provide investors with custody services.was down 0.01% in the last 24 hours to $3,784 at the time of writing.
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