2026-01-06 03:26:55

BitMine's ETH position just hit a significant milestone—over 4.1 million tokens, representing roughly 3.4% of Ethereum's entire supply. This raises interesting questions about the relationship between ownership concentration, staking participation, and network decentralization on Ethereum. The scale of this holding is undeniably large, yet it's worth noting that holding tokens doesn't necessarily translate to control. As the Ethereum ecosystem continues to evolve, monitoring how major stakeholders influence liquidity dynamics and validator participation remains crucial for understanding the network's long-term health.

ETH0,99%

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FlippedSignal

· 01-09 03:21

4.1m ETH sounds impressive, but the real question is how the validators will move.

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CryptoHistoryClass

· 01-08 19:00

ah yes, 4.1m eth... *checks historical precedent* we've seen this concentration play before. 2017 called, wants its "but it's decentralized tho" narrative back

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LiquidationTherapist

· 01-06 15:29

4.1M ETH? BitMine, what are they planning to do? Just hoarding coins can be this powerful.

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Layer2Arbitrageur

· 01-06 03:56

4.1M ETH is wild but ngl the MEV extraction potential here is what really gets me sweating. concentration ≠ control is cope tho lol

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GasFeeLady

· 01-06 03:56

ngl, 4.1m eth is kinda wild but here's the thing—watching concentration metrics is like watching gas prices, it's all about *when* they actually move, not just the number sitting there... BitMine holding it doesn't scare me as much as people liquidity dumping at the wrong moment tbh

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PumpBeforeRug

· 01-06 03:53

3.4%? Damn, how much would that be?

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PancakeFlippa

· 01-06 03:48

3.4% sounds pretty scary, but can it really do anything?

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CommunitySlacker

· 01-06 03:45

4.1M ETH? BitMine's move is really impressive, but to be honest, holding a large amount of tokens is one thing, but truly shaking up the network depends on how it's played.

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FlashLoanLord