A mysterious whale has created 10 new wallets in 8 days, accumulating 312,052 ETH (worth $1.34 billion) from brokers FalconX, Galaxy Digital, and BitGo, indicating a large-scale coordinated move potentially by an institutional player. Earlier, on August 11, Crypto Economy reported a similar transaction involving 221,166 ETH ($1 billion).

This move comes as Ethereum’s price reached $4,350 on August 12 and follows BitMine’s $1.4 billion ETH purchase, reflecting growing institutional confidence in Ethereum’s staking and smart contract potential. The unidentified wallets have fueled speculation, though no conclusive evidence has emerged.

https://etherscan.io/address/0x0c3b2812364cbef85b821796da7a606ce7aed40e