- $314M in ETH bought in just 3 days
- Three Bitgo wallets linked to major OTC desks
- Possible connection between the wallets
$300M Ethereum Accumulation Shakes the Market
Ethereum whale activity is heating up. In the past three days, three massive Bitgo wallet contracts have accumulated a combined $314.22 million worth of ETH — a figure now valued at roughly $332.1 million as prices climbed.
The wallets received funds from two major OTC sources:
- Galaxy Digital OTC sent ETH to one wallet.
- FalconX provided ETH to the other two wallets.
The scale and speed of these purchases have sparked speculation about whether the three wallets might be linked to the same entity or coordinated accumulation strategy.
The Wallets in Focus
The Ethereum addresses making headlines are:
- 0x8C6bBdeFFBE8fC7c58E920934667C5B74dEBDc60
- 0x55CF01A87Ba597ffa6772a0634c30ceec7FCE679
- 0xa44437352eB789B48c0B0917D7E258d9C39204D0
On-chain data shows steady inflows into these wallets over a short period, coinciding with a broader bullish tone in the crypto market . Such concentrated buying often signals confidence from large investors ahead of anticipated price moves.
Why This Matters for Ethereum’s Price
Large-scale accumulation by whales can have a significant impact on market sentiment and price action. This kind of buying removes supply from the open market, potentially tightening liquidity and increasing upward price pressure.
If these wallets are indeed connected, it could suggest a single major player — or a coordinated group — is positioning heavily for Ethereum’s next leg up. While their exact motives remain unclear, the timing aligns with growing expectations for a breakout toward $5,000 in the coming months.
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