Ethereum News: BitMine Owns 4.95% of ETH as Pepeto Reshapes DeFi and Buyers Chase ICO Style Gains
11-01-2026 11:48 PM CET | Business, Economy, Finances, Banking & Insurance
Press release from: TOKENWIRE
/ PR Agency: https://www.tokenwire.io
If you hold ETH, the Ethereum news lately has tested your patience. Ether sits at $2,255, per CoinMarketCap. Yet one buyer never blinked. BitMine picked up 10,452 more ETH in a single week and now owns 6,051,933 coins.
The last time big holders kept buying through a slow patch, in late 2020, ETH went on to pass $4,000. When the largest buyer acts like this, smaller traders change their hunt. Some of that cash heads to early coins. Pepeto ( https://pepetocoin.net ) is one of them, a presale coin whose bridge moves tokens across five chains for $0.
What Does the Latest Ethereum News Say About BitMine's 5% Goal?
BitMine now holds 4.95% of all ETH, as of its October 25 update, per CoinStats. The firm calls its target the Alchemy of 5%, and it is almost there. It also stakes 5,227,037 ETH, about 86% of its pile, per AltcoinBuzz. That means most of those coins are locked up and earning, not waiting to be sold.
Chairman Tom Lee went further on October ...