Massive $220M BitGo ETH Transfer Sparks Interest in Institutional Activity

A significant movement of Ethereum (ETH) worth over $220 million has been observed, with three newly created wallets receiving a substantial transfer from BitGo. This event highlights the dynamic nature of crypto transactions and raises questions about the potential purpose behind the move. Analysis by blockchain experts suggests connections to Bitmine BMNR, adding further intrigue to this large-scale transfer.