Ethereum Whale Purchases Surge, Enters Top Five Holdings

A significant Ethereum investor has been accumulating the cryptocurrency for a week, now owning over 200k ETH and exceeding Coinbase’s holdings. The mysterious entity amassed another $212 million in ETH, bringing its total to nearly $947 million, according to blockchain tracker Lookonchain. The buyer, previously known for building a substantial Ethereum reserve across six wallets linked to major trading platforms like FalconX, Galaxy Digital, and BitGo, has been steadily increasing its holdings over the past week, pushing it into the top five largest holders.