5%. That is all of Ethereum supply BitMine is willing to own, then the buying STOPS.
Tom Lee said it straight at TOKEN2049: "That is a hard cap. We are not gonna be accumulating past 5%." The company needs just 100,000 more ETH to hit that ceiling.
My take: the market just learned its biggest ETH bidder has a visible finish line. ETH already slipped 4.5% to $2,477 today. Now every trader is doing the same math — who replaces that demand when the tap turns off?
Where do you think ETH finds its next big buyer?
$ETH
#Ethereum #ETH #CryptoNews
DYOR
Tom Lee said it straight at TOKEN2049: "That is a hard cap. We are not gonna be accumulating past 5%." The company needs just 100,000 more ETH to hit that ceiling.
My take: the market just learned its biggest ETH bidder has a visible finish line. ETH already slipped 4.5% to $2,477 today. Now every trader is doing the same math — who replaces that demand when the tap turns off?
Where do you think ETH finds its next big buyer?
$ETH
#Ethereum #ETH #CryptoNews
DYOR
