Ethereum Whale Buys $283 Million in a Private OTC Deal, Signaling Growing Institutional Confidence

A massive Ethereum purchase of over $283 million has been executed through a private off-exchange transaction (OTC) involving the cryptocurrency firm Galaxy Digital. This hefty move has piqued the interest of many observers who see it as a sign of long-term confidence in the network’s future. 💰 Sources suggest that Galaxy Digital withdrew roughly $233.5 million from major crypto exchanges before facilitating this massive transaction, highlighting the use of OTC channels for institutional investors seeking to gain market influence discreetly.