A spokesperson for Singapore's DBS Bank said it is not the giant whale that owns 173,700 ETH. However, Nansen analyst Edward Wilson said they have confirmed through multiple independent sources that DBS Bank owns the private key to this wallet, and these assets are likely part of its custody solution. When asked if the wallet is the one the bank uses to hold funds for its crypto clients, the spokesperson declined to comment. Earlier news, Nansen monitored today and confirmed that the "ETH whale" address (starting with 0x9e92) holding 173,700 ETH (worth $650 million) is DBS Bank (DBS). This address has earned more than $200 million by holding ETH. (Decrypt)