🚀 ETH Soars 4% as BitMine Makes Power Play to Gobble Up 5% of Circulating Supply

Ethereum just got a turbocharged boost—BitMine, the institutional ETH whale, is making waves with an aggressive accumulation strategy.

The buy-up that’s shaking markets

BitMine’s bid to corner 5% of ETH’s circulating supply sent shockwaves through trading desks. The move triggered a 4% price surge as liquidity tightened—classic supply squeeze tactics from a player that clearly missed the memo about decentralization.

Why this reeks of Wall Street déjà vu

When institutions start hoarding a scarce asset, retail traders get the crumbs. Sound familiar? Just don’t call it ‘financialization’—this is crypto, where we rebrand old tricks as ‘innovative treasury strategies.’

The playbook’s simple: buy low, drain liquidity, and let FOMO do the rest. Welcome to decentralized finance—now with extra centralization.