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Update: Bybit may have already purchased 106,498 ETH on the secondary market through a market maker
2025-02-23 16:06
BlockBeats News, February 23rd, according to OnChain data, an address suspected to be associated with Bybit (0x2E4...b77) received another 34,743 ETH from Wintermute 20 minutes ago.
Bybit has likely accumulated a total of 106,498 ETH in just over a day, facilitated through Galaxy Digital, FalconX, and Wintermute.
This address initially received 100 million USDT from Bybit's cold wallet, which was then transferred to FalconX and Galaxy Digital before receiving ETH.
Furthermore, Galaxy Digital, FalconX, and Wintermute all withdrew ETH from various CEXs and transferred it to the 0x2E4...b77 address, indicating that the aforementioned institutions likely purchased ETH on the secondary market.
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2025-02-23 12:38
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On-Chain Detective
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2025-02-23
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