A whale wallet address reportedly associated with ConsenSys has just continued to purchase an additional 3,704 ETH through Galaxy Digital's OTC trading platform, according to on-chain data shared by Lookonchain this morning. At the current price, this amount of Ethereum is worth approximately $8.91 million.
Notably, over the past three weeks, the aforementioned wallet address has continuously accumulated a total of 161,112 ETH through the same OTC channel, equivalent to a total transaction value of around $422 million. This large transaction chain is attracting community attention as it occurs during a period of volatility in the Ethereum market, raising speculation about strategic moves from large organizations like ConsenSys.
The use of Galaxy Digital's OTC platform - a large financial entity specializing in serving institutional investors - suggests a high likelihood that this is an accumulation activity from a professional investment organization rather than individual investors.
