According to Jinse Finance, Nansen, an on-chain analysis platform, published a post on the X platform stating that the "ETH whale" that has been confirmed to hold 173,700 ETH (worth about $650 million) is DBS Bank, which is the largest bank in Singapore with total assets of S$739 billion as of December 31, 2023. This address has earned more than $200 million by holding ETH.