Massive Ethereum Buy: $283 Million OTC Deal Sends Crypto Community Speculating

A large-scale OTC (over-the-counter) transaction involving an estimated $283 million worth of Ethereum has sent ripples through the crypto market. The purchase, facilitated by Galaxy Digital’s OTC services, involved a whale acquiring 108,278 ETH and saw a subsequent withdrawal of 89,000 ETH from major exchanges. This transfer has propelled the whale’s wallet balance to over 139,000 ETH, with experts speculating on its potential impact on Ethereum’s future.