$ETH A whale or institution has boosted its Ethereum holdings, pulling in 10,396 $ETH—valued at $40.86 million—from Galaxy Digital’s OTC desk.

This brings their total stash to 171,015 $ETH, worth $671.67 million across six wallets, with $ETH trading at around $3,927, per CoinGecko.

This aggressive accumulation, following their earlier haul from FalconX and BitGo, signals a strong bet on Ethereum, likely fueled by the upcoming Fusaka upgrade in November 2025, which promises enhanced scalability and a gas limit hike to 150 million.

What’s your take—is this whale positioning for a massive $ETH rally, or stacking for long-term DeFi dominance?