according to the materials from the site - By CoinoMedia
Two Ethereum whale addresses, demonstrating serious confidence, made large purchases of ETH totaling $150 million through over-the-counter (OTC) platforms. These transactions were conducted outside public exchanges — an increasingly popular method for institutional investors and wealthy individuals to accumulate large cryptocurrency positions without provoking market volatility.
Blockchain data shows that the address 0x1e0 acquired ETH worth $118.2 million through FalconX, while the address 0xa3A purchased $40.5 million through the Galaxy Digital OTC platform. These restrained yet significant purchases indicate strategic accumulation and a potentially long-term bullish position.
Why are OTC ETH purchases important? OTC platforms are popular among institutional investors and whales for large transactions that could otherwise impact market prices on public exchanges. The use of FalconX and Galaxy Digital — two of the most reliable OTC platforms — underscores the serious financial backing of these actions.
Such purchases often indicate expectations of price increases or preparations for upcoming on-chain activities, such as staking, fund creation, or treasury accumulation. Given the ongoing scaling dynamics of Ethereum at Layer 2 and institutional adoption, such moves may reflect growing confidence in the long-term value of ETH.
Although these trades were conducted off-exchange, traders and analysts are closely monitoring the activity of large 'whales'. These movements often precede price rallies or signal broader institutional interest in Ethereum.
If these addresses continue to accumulate or transfer ETH to custodial wallets, it could confirm the notion that Ethereum is becoming the preferred digital asset for institutional investors, second only to Bitcoin.
The Ethereum market remains stable for now, but such large OTC purchases have long heralded bullish momentum.
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