🐋 A whale (likely institutional) acquired an additional 2,825 ETH in a recent over-the-counter (OTC) transaction

According to Binance on June 13, blockchain analytics firm Lookonchain reported that a whale address—possibly tied to ConsenSys—purchased 2,825 ETH (~$7.48 million) via OTC roughly four hours before reporting .

Over the past two weeks, this wallet has amassed some 160,736 ETH—valued around $421 million—at an average cost of about $2,620 per ETH

🧭 Why this matters:

Institutional accumulation: Such large OTC buys often indicate “smart money” positioning, showing growing confidence in Ethereum.

Minimized market impact: OTC trades avoid slippage that would occur on public exchanges, meaning price moves aren’t immediately triggered.

Signal for momentum: These off-exchange inflows may set up ETH for future rallies if broader demand picks up.#ETH

$ETH