On-chain data revealed an over-the-counter transaction of up to $283 million and more than 100,000 Ethereum, suspected of being bought by giant whales or institutions. (Synopsis: Bitcoin consolidates $105,000, and the ups and downs are mutually stuck!) Ethereum's $2,500 defense (background added: no more dumping ETH? The Ethereum Foundation borrowed $2 million with Aave ($GHO) On-chain data monitoring Lookonchain revealed that worth up to $283 million, 108,278 Ethereum (ETH) OTC transactions (OTC) completed, This suspected whale or institutional investor bought ETH in large sums through OTC trading on the Galaxy Digital platform, shaking the market. It seems that a whale/institution bought 108,278 $ETH($283M) through OTC. Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then transferred 108,278 $ETH($ 283M) to the whale/institution wallet 0x0b26. Wallet 0x0b26 currently holds… pic.twitter.com/BgqiLH2xlH — Lookonchain (@lookonchain) June 4, 2025 Huge Transaction Details According to Lookonchain tracking, in the past 12 hours, a "giant whale" or institution has purchased 108,278 ETH, with a total value of about $283 million. The ETH was withdrawn from the trading platform to Galaxy Digital's OTC wallet and then transferred to a wallet starting with 0x0b26. The wallet currently holds a total of 139,476 ETH worth approximately $365 million. Over-the-counter trading on such a large scale is often seen as a cautious operation by buyers who do not want to alarm the open market, reflecting their bullish expectations. Institutional or large investors prefer OTC trading mainly because of its privacy and the lack of open market depth due to the avoidance of large buy orders. OTC is the love of whales The data shows that OTC trading is growing rapidly, with Comfygen reporting that global OTC cryptocurrency trading volume will increase by 106% annually in 2024, including a 187% surge in Ethereum OTC trading volume. Ethereum Foundation announces layoffs & restructuring of R&D team as "Protocol", focusing on 3 strategic goals: expanding L1 and blobs, improving user UX experience Ethereum Pectra upgrades "hacker flip", Wintermute warns: EIP-7702 automates the deployment of a large number of contracts Vitalik blurted out "Ethereum's one-year Great Leap Forward Plan": Throughput will increase by 10 times after L1 expansion 〈 Lookonchain: A giant whale suspected of using OTC to buy 108,278 ETH, with a total position of more than $300 million" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".
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Lookonchain: A certain whale is suspected of buying 108,278 ETH through OTC, with total holdings exceeding 300 million dollars.
On-chain data revealed an over-the-counter transaction of up to $283 million and more than 100,000 Ethereum, suspected of being bought by giant whales or institutions. (Synopsis: Bitcoin consolidates $105,000, and the ups and downs are mutually stuck!) Ethereum's $2,500 defense (background added: no more dumping ETH? The Ethereum Foundation borrowed $2 million with Aave ($GHO) On-chain data monitoring Lookonchain revealed that worth up to $283 million, 108,278 Ethereum (ETH) OTC transactions (OTC) completed, This suspected whale or institutional investor bought ETH in large sums through OTC trading on the Galaxy Digital platform, shaking the market. It seems that a whale/institution bought 108,278 $ETH($283M) through OTC. Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then transferred 108,278 $ETH($ 283M) to the whale/institution wallet 0x0b26. Wallet 0x0b26 currently holds… pic.twitter.com/BgqiLH2xlH — Lookonchain (@lookonchain) June 4, 2025 Huge Transaction Details According to Lookonchain tracking, in the past 12 hours, a "giant whale" or institution has purchased 108,278 ETH, with a total value of about $283 million. The ETH was withdrawn from the trading platform to Galaxy Digital's OTC wallet and then transferred to a wallet starting with 0x0b26. The wallet currently holds a total of 139,476 ETH worth approximately $365 million. Over-the-counter trading on such a large scale is often seen as a cautious operation by buyers who do not want to alarm the open market, reflecting their bullish expectations. Institutional or large investors prefer OTC trading mainly because of its privacy and the lack of open market depth due to the avoidance of large buy orders. OTC is the love of whales The data shows that OTC trading is growing rapidly, with Comfygen reporting that global OTC cryptocurrency trading volume will increase by 106% annually in 2024, including a 187% surge in Ethereum OTC trading volume. Ethereum Foundation announces layoffs & restructuring of R&D team as "Protocol", focusing on 3 strategic goals: expanding L1 and blobs, improving user UX experience Ethereum Pectra upgrades "hacker flip", Wintermute warns: EIP-7702 automates the deployment of a large number of contracts Vitalik blurted out "Ethereum's one-year Great Leap Forward Plan": Throughput will increase by 10 times after L1 expansion 〈 Lookonchain: A giant whale suspected of using OTC to buy 108,278 ETH, with a total position of more than $300 million" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".