COINOTAG News, on December 13, citing Onchain Lens, reports that a newly created wallet was credited with 14,959 ETH from BitGo, valued at approximately $48.42 million. The on-chain inflow signals a notable liquidity movement within the Ethereum ecosystem.

The recipient address remains unverified in terms of ownership; analysts say the wallet’s link to BitMine is speculative, with no official confirmation at this time.

This incident underscores the value of on-chain analytics in tracking large transfers and evaluating counterparty risk, reinforcing why market participants rely on credible data sources for decision-making.