According to @lookonchain, six newly created wallets—described as possibly related to Bitmine—received 95,789 ETH (about $427M) from BitGo roughly 8 hours before the report, with addresses disclosed including 0x85f28f68808528D0F1F2dfDb4b0c25aa6dc79B65, 0x7aeb5fBc26C9a739F417e1eA06d502886AedBa03, and 0xbB1ab6EF6bfDC050922b1d8E633829C94f02615E (Source: Lookonchain, Aug 27, 2025). Lookonchain identified BitGo as the sender, detailed the total size and timing, and noted the wallets were newly created, but did not report any subsequent exchange deposits or selling activity at the time of posting (Source: Lookonchain). Traders can use the disclosed addresses to monitor for onward transfers to known exchange wallets and potential changes in ETH liquidity should movements occur; no intent by the holders was stated in the post (Source: Lookonchain).