A crypto whale has been on a buying spree, accumulating a staggering 293,186 ETH, worth $1.24 billion, in just eight days. This information comes from EmberCN, who analyzed Arkham data to pinpoint the address's activity on institutional trading platforms like FalconX, Galaxy Digital, and BitGo. The prime suspect behind this massive ETH accumulation is Bitcoin mining giant, Bitmain. The rationale behind this suspicion stems from Bitmain's recent announcement last week that they had purchased an additional 317,000 ETH. This acquisition significantly boosted their total ETH holdings to a whopping 1.15 million ETH. While unconfirmed, if this whale is indeed Bitmain, it signifies a strong bullish sentiment from a major player in the crypto industry, further solidifying Ethereum's position as a leading cryptocurrency. The market will be closely watching for any official confirmation or further developments related to this substantial ETH accumulation. ```

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