Ethereum Whale Accumulates $108 Million Worth, Moves 34,188 ETH

A significant Ethereum (ETH) transfer has been recorded by blockchain analytics platform Lookonchain, revealing a large-scale accumulation by an anonymous whale. The whale withdrew 10,000 ETH from the Bitget exchange, totaling $31.91 million, and currently holds a substantial portfolio of over 34,188 ETH, valued at around $108.8 million. This move is particularly notable as it occurred despite Ethereum experiencing a decline of over 10% in recent days due to price fluctuations. The whale likely moved the funds to a private wallet for long-term holding, indicating their commitment to the asset’s potential future growth.