PANews reported on March 10 that, according to on-chain analyst Yu Jin, a wallet labeled as belonging to Bitmine transferred 5,300 ETH (US$10.75 million) to Coinbase Prime three hours ago.
It's worth noting that Bitmine increased its holdings by 61,000 ETH ($123 million) last week. Ember believes that the aforementioned wallets may be mislabeled, or that Bitmine wants to stake directly through Coinbase Prime.
