Key Takeaways:

11 addresses added 295,861 ETH today, worth about $1.19 billion.

Funds originated from Kraken, Galaxy Digital OTC, BitGo, and FalconX.

Signals renewed institutional demand for Ethereum despite market volatility.

According to on-chain monitoring by Lookonchain, a total of 11 wallets accumulated 295,861 ETH (valued at roughly $1.19 billion) on Thursday.

The assets were transferred from major institutional platforms including Kraken, Galaxy Digital OTC, BitGo, and FalconX, suggesting heightened accumulation by large-scale investors.