Ethereum’s $1.3B Whale Trade Drives Rally

A significant Ethereum purchase by a whale, worth over $1.3 billion, has ignited further price growth. Blockchain data from Lookonchain reveals the entity acquired 312,052 ETH across ten newly created wallets in the past eight days, exceeding the previous record of $1 billion set by ETF investments earlier this week. Analysts believe this surge in demand could close the gap between Ethereum’s current price of around $4,460 and its all-time high of $4,890, although they note that sustained growth may depend on fresh catalysts like unexpected inflation readings.