$283M ETH Whale Emerges After Massive OTC Deal

A major whale or institution has just made waves in the crypto market by acquiring 108,278 ETH worth $283 million via an over-the-counter (OTC) transaction.

The ETH was funneled from Galaxy Digital’s OTC wallet, which withdrew 89,000 $ETH ($233.5M) from various exchanges in the past 12 hours before transferring the full 108,278 ETH to the destination wallet 0x0b26.

Following the transfer, wallet 0x0b26C05866e6353E46f4A7e2d10Cb42d4B583E57 now holds 139,476 ETH, valued at approximately $365 million—instantly positioning it among the largest non-exchange #ETH holders in the game.

This aggressive move raises eyebrows: is this deep-pocketed buyer preparing for an institutional DeFi play—or positioning ahead of a big Ethereum catalyst?