Institutional Buying Drives Ethereum Price Past $523 Billion

A surge in institutional buying has propelled the price of Ethereum beyond $523 billion. Driven by both corporate treasuries and high-net-worth investors, analysts have observed significant transactions in recent months. Blockchain experts have identified a particularly large purchase made through an unidentified institution using six wallets. This investor has amassed approximately $181 million worth of Ether from major over-the-counter desks such as Galaxy Digital, FalconX, and BitGo.