A mystery entity has accumulated a staggering $1 billion worth of Ethereum in the past week. The unknown buyer, utilizing six different wallets and sourcing ETH from reputable exchanges like Galaxy Digital, FalconX, and BitGo, drove the price to new heights. This whale’s purchase activity coincides with a significant increase in large holder addresses, reaching an unprecedented high of 868,886 unique wallets. Ethereum’s market cap has surged past Mastercard, hitting $523 billion last week, driven by the surge in ETH prices and increased investment from public companies. Over $1.3 billion worth of ETH was added to corporate treasuries last week alone. Analysts remain optimistic about ETH’s future trajectory, with some predicting a potential rise to $20,000 within 6-8 months. However, the need for cautious optimism is being highlighted by prominent figures in the crypto world. Some experts are urging caution and highlighting the importance of avoiding overleveraging.