Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The suspected ETH reserve institution address has pledged more than 15,000 ETH, and the total pledged has exceeded 41,000 ETH
2025-08-04 01:06:54

According to on-chain analyst Yu Jin, a suspected ETH reserve address pledged another 15,846 ETH (approximately $55.34 million) seven hours ago. Since August 1st, this address has accumulated a total of 41,452 ETH (approximately $148 million) at an average price of approximately $3,575, all of which is staked through Figment. This operation is similar to that of SharpLinkGaming, and it is suspected to be a reserve address. This may be verified through official announcements.