🐳 A whale is buying Ethereum worth hundreds of millions – possibly linked to ConsenSys.
Experts at Lookonchain have spotted the activity of a major player – a so-called whale. In the crypto world, whales are investors who hold large amounts of cryptocurrency and can influence the market with their moves.
This particular whale – allegedly associated with ConsenSys – continues to accumulate Ethereum through the Galaxy Digital OTC desk.
Just in the past 24 hours, the address purchased 3,704 ETH worth $8.9 million.
Over the last three weeks, the position has grown to 161,112 ETH – worth approximately $422 million.
If ConsenSys is indeed behind these purchases – it could signal a long-term strategic bet on Ethereum and potential preparation for upcoming projects or infrastructure developments.
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