Massive Ethereum Purchase by Potential Whale or Institution Identified

A significant purchase in the Ethereum market has been identified, with a potential whale or institution reportedly acquiring 108,278 ETH worth approximately $283 million through an over-the-counter (OTC) transaction. Notably, Galaxy Digital’s OTC wallet recently withdrew 89,000 ETH from an exchange ($234 million), which subsequently found its way to the address 0x0b26, now holding a total of 139,476 ETH valued at roughly $365 million. These activities have sparked speculation about potential institutional or large-scale investor involvement in the Ethereum market.