According to the source, a social media post dated 2025-10-16 claims BitMine bought 104,336 ETH (~$417M) during a 20% pullback from August highs, citing unspecified on-chain data (source: the source’s 2025-10-16 social post). The claim is unverified because no transaction hashes, wallet labels, or third-party analytics links were provided to substantiate the purchase (source: absence of on-chain references in the source post). Traders should wait for verifiable Etherscan transaction hashes and labeled wallet flows from reputable analytics such as Arkham or Nansen before positioning based on this headline (source: Ethereum’s public ledger and standard on-chain verification workflow). Until validated, treat this as an unconfirmed whale alert and avoid reactive entries predicated on the claim alone (source: lack of independently verifiable on-chain evidence at time of writing).

According to @OnchainLens, five newly created wallets received 104,336 ETH (about $416 million) in on-chain transfers originating from BitGo and Kraken (source: @OnchainLens). According to @OnchainLens, the recipient addresses are 0x0AF0Fb78Ef2e8E51C0c8f4AB8a8eDf8E78FC1D9C, 0x097269A65c0715842631590B975FC6abB975669e, 0xcd44FaCDa7B3bddF8cC823080681d85e7203af9e, 0xa168ceAdDA27B18f59e82FA196872552d1481FE5, and 0xF6265e20FBE65e85EDfae828aF7287f70f409e4f (source: @OnchainLens). According to @OnchainLens, the wallets likely belong to Bitmine, and no independent confirmation was provided in the post (source: @OnchainLens). According to @OnchainLens, the transfers represent outflows from an exchange and a custodian to fresh addresses totaling 104,336 ETH, implying roughly 20,867 ETH per wallet based on the reported figures (source: @OnchainLens).