A prominent cryptocurrency investor has acquired 5,463 Ethereum (ETH) worth $14 million in an over-the-counter transaction within the past three hours. This marks the latest move in a significant accumulation pattern observed over the preceding two-week period.
The same entity has amassed a total of 166,199 ETH valued at approximately $435 million during this timeframe, purchasing tokens at an average price of $2,618 per ETH. Blockchain analysis suggests potential ties between the investor and blockchain technology firm ConsenSys, indicating institutional participation in these transactions.
This substantial capital deployment highlights Ethereum’s enduring appeal among major investors and signals robust institutional confidence in the cryptocurrency’s market position and long-term value proposition.