According to Lookonchain, it is suspected that a whale/institution purchased 108,278 ETH over the counter (OTC), worth about $283 million.
Over the past 12 hours, Galaxy Digital's OTC wallet has withdrawn 89,000 ETH (~ $233.50 million) from the exchange and subsequently transferred another 108,278 ETH (~ $283 million) to whale/institutional wallet 0x0b26. Currently, wallet 0x0b26 holds 139,476 ETH (~ $365 million).
This shows that there is a large amount of institutional capital flowing into Ethereum, and large transactions over the counter can avoid direct impact on the market price. Galaxy Digital, a well-known crypto financial services company, often represents a strategic deployment at the institutional level. The whale wallet 0x0b26 currently holds a large amount of ETH, and it is worth keeping an eye on its follow-up.
It is suspected that a whale/institution purchased 108,278 ETH through OTC, which is about 283 million US dollars
2025-06-04 02:44:53
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