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It turns out that last weekend's pump of ETH was due to Bitmine buying.
In the past week, my brother has bought about 2 billion USD worth of ETH, and he has now become the largest ETH miner in the world, holding approximately 1.15 million coins.
According to the previous goal of acquiring 5% of the global ETH, the progress over the past month or so is approximately 20%, which means that another 4.85 million ETH needs to be purchased to achieve this.
Keep buying!