DBS Bank Receives $61 Million in Ethereum Over Week

Significant Ethereum Movement Raises Interest

According to on-chain analyst The Data Nerd, DBS Bank received approximately 2,500 ETH worth around $5.85 million in the past hour.

Over the past seven days, the institution accumulated 24,898 ETH totaling over $61 million at an average acquisition price of $2,463.

Market Impact Analysis

This substantial movement has sparked widespread speculation among investors and analysts monitoring potential market effects.

• Single transaction valued at $5.85 million
• Weekly total exceeds $60 million
• Consistent average acquisition price of $2,463