BitGo Sends 23,823 ETH ($103.96M) to New Wallet — Onchain Lens Suggests It May Be BitMine

Onchain Lens monitoring shows a newly created wallet received 23,823 ETH from custodial provider BitGo, a transfer valued at approximately $103.96 million on the Ethereum network. This on‑chain movement, recorded by blockchain analytics, constitutes a substantial custodial transfer; however, any direct attribution to specific entities such as BitMine remains unconfirmed and should be treated as unverified until corroborated by official statements.

Market participants tracking large token flows typically use such on‑chain analytics to assess potential liquidity implications and custodial rebalancing, but definitive conclusions require confirmation from the involved custodians. Stakeholders are advised to monitor the wallet’s subsequent activity and await authoritative disclosure for firm attribution and context regarding the transaction.