Singapore's largest bank, DBS, is identified as a crypto whale holding nearly $650 million in ETH, with assets totaling S$739 billion. The bank has made over $200 million by holding ETH, sparking speculation about Singapore's sovereign wealth funds also entering crypto.
the largest bank in Singapore holds 173.7k ETH? damn https://t.co/aVdtcIGQgb
It would have been awfully bullish for Ethereum if DBS, the largest bank in Singapore, were a whale with $650 million worth of ETH on its balance sheet. But that's not the case, according to a bank spokesperson. Read more: https://t.co/oMKXFoyNyc
🚨 BREAKING 🚨 SINGAPORE LARGEST BANK DBS WITH $739 BILLION IN ASSETS HOLDS 173,700 ETH WORTH $650 MILLION. GIGA BULLISH 🔥 https://t.co/NTOYQS5gY4
Singapore Bank DBS Says It Isn't an Ethereum Whale ► https://t.co/gV9Pcqv8uw https://t.co/gV9Pcqv8uw
Singapore bank DBS in top 40 #Ethereum holders with $648 million stash, @nansen_ai finds https://t.co/ZFo4hgWZZF
[NANSEN] A cryptocurrency wallet, allegedly owned by DBS Bank, a multinational banking and financial services company, holds over 170,000 $ETH valued at nearly $650 million https://t.co/8KfptnJRwm
🚨SINGAPORE’S LARGEST BANK IS HODLING NEARLY $650M IN ETH🚨 - According to blockchain analytics company, Nansen, Singapore’s largest bank, DBS, currently HODLs 173,753 $ETH tokens. - This means that the wallet that Nansen identifies as belonging to DBS boasts a portfolio size… https://t.co/obRW2GInuS https://t.co/mdi1GGQte0
🚨BREAKING: SINGAPORE'S LARGEST BANK HOLDS NEARLY $650M IN $ETH ~ NANSEN
🏦 $650M #Ethereum whale holding 173.7k $ETH has been identified by @nansen_ai as #DBS, #Singapore's largest bank with assets totaling S$739B as of Dec 31, 2023. This address has made over $200M by holding $ETH. https://t.co/FWHt9z7nRd
CORRECT: Singapore's DBS Bank is reportedly a crypto whale, according to Nansen. The on-chain analytics firm said that an address, which belongs to the bank, holds nearly $650 million in $ETH. By @godbole17. https://t.co/0aGpRZAukY
Singapore's DBS Bank is reportedly a crypto whale, according to Nansen. The on-chain analytics firm said that an address, which belongs to the bank, holds nearly $600 million in $ETH. By @godbole17. https://t.co/axZ463ZF80
This is huge. DBS is Singapore's largest bank and is a national champion. If they are buying ETH, Singapore's sovereign wealth funds may also be accumulating positions in crypto. For context, Singapore has more than 1 trillion dollars in reserves CONSERVATIVELY. https://t.co/1wSJVf0b7w
We've identified this $650m $ETH Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31 Dec'23 This address has made over $200m by holding ETH... 🤯 Track the address on Nansen here: 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e https://t.co/2rkM3cZ6gJ