A Whale just bought over 108,000 ETH through an OTC transaction.

Lookonchain detected a major transaction involving Ethereum (ETH), when a whale or institution purchased 108,278 ETH (283 million đô) through an OTC transaction, made by the Galaxy Digital OTC wallet. In the last 12 hours, the wallet has withdrawn 89,000 ETH (233.5 million đô) from exchanges.

The wallet (0x0b26) is currently holding 139.476 ETH, worth approximately 365 million dollars, indicating strong accumulation signals from a major player – which could be a sign of confidence in the future price of ETH. Many comments suggest that the inflow of capital into recent ETH ETFs is helping to keep the price stable above the 2,600 dollar threshold.

OTC trading often helps reduce price volatility because it does not occur directly on the exchange, but if this amount of ETH is later transferred to the exchange, the market may be significantly affected.