Suspected to belong to Bybit or its associated address, accumulated 106498 ETH purchased in the past day or so

PANews
PANews|Feb 23, 2025 08:15
According to on chain analyst Yu Jin's monitoring, it is possible that Bybit or its affiliated addresses (0x2E4... b77) received 34743 ETH (97.75 million US dollars) from Wintermute about 20 minutes ago. They are likely to have cumulatively purchased 106498 ETH ($294.93 million) in just over a day: through Galaxy Digital, FalconX, Wintermute. This address started receiving ETH after receiving 100 million USDT from Bybit's cold wallet and transferring it to FalconX and Galaxy Digital.
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