An Ethereum crypto whale has reportedly bought 108,278 ETH worth around $283 million in a single Over The Counter (OTC) transaction with Galaxy Digital. The wallet now holds over 139K ETH. The transaction was flagged by Lookonchain.
Sources report that Galaxy Digital withdrew 89,000 ETH, about $233.5 million from major exchanges within a 12 hour window. Though not confirmed, however, the timing and amounts suggest Galaxy’s OTC desk was involved in structuring and executing the deal off the books.
OTC Transaction Point to Institutional Accumulation
Unlike exchange buys, OTC allows large investors to get in without spiking the market or causing volatility. This Ethereum whale purchase shows the role of bespoke crypto trading desks like Galaxy Digital in facilitating private crypto buys for wealthy individuals, funds or corporates.
Galaxy Digital reportedly withdrew 89,000 ETH from exchanges just before the big transfer. The deposit of 108,278 ETH into a new wallet, now holding 139,476 ETH worth $365 million is one of the largest Ethereum wallet inflows of 2025 so far.
This kind of activity, when done through OTC channels that cater to institutions is a sign of long term conviction.
Whale Buys $283M in ETH via Galaxy Digital
Ethereum Whale Purchase: Bullish Signal?
Large ETH transfers are common but the size, timing and OTC nature of this one is notable. Crypto analysts and blockchain enthusiasts are interpreting this as a renewed institutional interest in Ethereum especially after a series of recent developments that make the network more attractive to investors.
One such event is the latest and most recent Pectra upgrade enhancing user performance, experience and efficiency.
This Ethereum whale purchase fits into the ongoing institutional trend in the crypto markets. Big buyers are less focused on short term price moves and more on setting themselves for Ethereum’s role in programmable finance.
Why Retail Investors Should Care
OTC trades don’t affect public prices but their implications are big. When whales buy ETH at this scale, especially through regulated firms like Galaxy Digital, it’s not speculation. It’s calculated long term positioning.
For retail investors, this is a signal. Institutions move early and quiet, using OTC markets to build size without noise. By the time the market reacts, much of the work is already done.
This accumulation also aligns with Ethereum’s growing role in decentralized finance (DeFi), real-world asset tokenization, and smart contract-based infrastructure.
Whale Buys $283M in ETH via Galaxy Digital
Galaxy Digital’s involvement adds credibility. The firm founded by ex-Goldman Sachs partner Mike Novogratz has been a long time advocate for institutional crypto adoption. Being a counterparty to this trade could means their clients are going all in on Ethereum at scale, not just holding, but deploying capital.
Conclusion: Silent Accumulation, Loud Implications
In a market driven by hype and noise, the Ethereum whale purchase through Galaxy Digital stands out for size, timing, and stealth. With over $283 million worth of ETH moved in one shot and a new wallet now holding over $365 million in Ethereum, it’s clear institutional confidence in ETH’s long-term relevance is strong.
For Ethereum investors, big OTC buys like this are quiet but powerful votes of confidence, often before the wider market moves. As capital accumulates behind the scenes, the stage may be set for Ethereum’s next institutional chapter.
FAQs
Who bought 108K ETH recently?
A crypto whale acquired 108,278 ETH in an OTC deal with Galaxy Digital, the buyer is not disclosed.
Why was the trade done OTC and not on an exchange?
OTC trades allow big buys without affecting public market prices, reduce slippage, and avoid market disruption.
How much ETH is in the whale wallet now?
The wallet holds approximately 139,476 ETH, worth around $365 million at current prices.
What does this mean for Ethereum investors?
This means growing institutional interest in ETH. Short term effects may be muted, but long term investor confidence is increasing.
Is Galaxy Digital involved in more Ethereum deals?
Galaxy Digital does many high-value crypto trades and is increasingly involved in Ethereum-focused deals.
Glossary
OTC (Over-the-Counter): Private trades off exchange, for big volumes, to avoid price impact.
Whale: A term in crypto for an individual or entity holding a lot of a digital asset.
Ethereum (ETH): A decentralized blockchain platform for smart contracts and dApps.
Galaxy Digital: A financial services and investment firm for digital assets and blockchain.
Sources
Lookonchain
Coinomedia
Read More: $283M ETH Buy Off the Books: Galaxy Digital Tied to One of 2025’s Biggest Whale Moves">$283M ETH Buy Off the Books: Galaxy Digital Tied to One of 2025’s Biggest Whale Moves
