The addresses supposedly owned by DBS has already made $200 million on its ether holdings, according to Nansen.
‘DBS, the largest bank in Singapore, is an ether (ETH) whale, according to on-chain analytics firm Nansen.’
‘The blockchain address – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e – supposedly owned by DBS held 173,753 ETH, worth $647 million at press time. At the time of writing, Ether changed hands at $3,730.’
‘Nansen said that the address has made over $200 million from its ether holdings.’
‘“In relation to the post, DBS does not have this position on our books,” a spokesperson said.’
‘Ether is the native token of Ethereum, the world’s leading distributed computing platform for creating smart contracts and decentralized applications. Over the years, Ethereum has become a go-to technology for investment banks to tokenize capital markets.’
