Ethereum Price Plunges, BitMine Actively Buys the Dip

Ethereum’s price witnessed a notable decline of 2% over the past 24 hours, dropping to $4,013 as trading volume decreased by 28%, falling to $41.6 billion, according to data from Lookonchain. Despite this market downturn, Tom Lee, founder of BitMine Immersion Technologies, took advantage of the dip by purchasing a significant amount of Ethereum – approximately $417 million worth – from Kraken and BitGo, as per on-chain information. This purchase follows a previous one worth $828 million last week, showcasing Bitmine’s active approach to market fluctuations.