## Massive ETH Transfer to New Address A new address has become a significant holder of Ethereum (ETH) after receiving a substantial transfer. According to Lookonchain, a leading on-chain data provider, this new address received 13,696 ETH, valued at approximately $49.97 million, directly from Galaxy Digital. ## Address Now Holds $380 Million in ETH This recent influx has significantly increased the address's holdings. The address now boasts a total of 100,972 ETH, currently valued at around $380 million. This positions the address as a notable player in the Ethereum ecosystem. Further analysis is needed to determine the identity and intentions of the address owner. Such large transfers often trigger speculation about institutional investment or strategic positioning within the crypto market. ```

#ETH