Whale Buys 108,278 ETH in Massive $2.83 Billion OTC Trade, Holding Surges to $3.65 Billion

According to data from LookIntoChain, a significant over-the-counter (OTC) transaction involving 108,278 ETH valued at approximately $2.83 billion was executed by a whale or institutional investor. Within the last 12 hours, the Galaxy Digital OTC wallet notably withdrew 89,000 ETH, worth around $2.335 billion, from an exchange before transferring a total of 108,278 ETH to the wallet address 0x0b26. This wallet now holds a substantial balance of 139,476 ETH, equivalent to roughly $3.65 billion. Such large-scale movements underscore the growing role of institutional players in the Ethereum market, reflecting increased confidence and strategic positioning in the crypto asset. Monitoring these wallet activities provides valuable insights into market dynamics and liquidity flows within the decentralized finance ecosystem.