Giant Corporate Continues to Accumulate Ethereum Without Slowing Down: Acquired 422 Million Dollars! - Coin Bulletin

A giant whale that has attracted attention in the Ethereum (ETH) market has reached a total position of 422 million dollars by purchasing 161,112 ETH through Galaxy Digital in the last 3 weeks.

While large investors' purchases of Ethereum (ETH) have gained momentum recently, one of the most striking movements was made by the same whale. According to data shared by Lookonchain, the giant investor has purchased a total of 161,112 ETH in the last three weeks via Galaxy Digital OTC through an institutional address thought to be likely linked to ConsenSys.

The last transaction occurred about 20 minutes ago, adding 3,704 ETH to the whale account and opening a new position worth approximately 8.91 million dollars. These rapid purchases are thought to reinforce Ethereum's power in the market and serve as a strategic preparation for potential price movements in the future.

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What does the ConsenSys connection signify?

The claim that the whale address may be linked to ConsenSys is attracting the attention of market analysts. Given ConsenSys's pioneering role in the Ethereum ecosystem, it is noted that there may be an institutional strategy behind such aggressive purchases and that there could be a strong positioning effort ahead of significant updates on the Ethereum network.

As the price of Ethereum increases its upward momentum with recent purchases, large investors' moves may positively reflect on the overall crypto market. Analysts emphasize that institutional entries create confidence in the market and can trigger broader investor interest.