Gate News bot news, Arkham stated on social media that a Whale associated with Consensys received $320 million worth of ETH from Galaxy Digital early this morning.
He transferred it to the new address 0x0b2 and staked $120 million worth of ETH at that address through Liquid Collective.
Market experts believe that such large-scale buying operations could be beneficial for Ethereum, as supply and demand dynamics and broader institutional confidence play important roles. Experts also believe that this could be a catalyst for ETH to rise in tandem with other major altcoins.
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Consensys-related Whale purchased $320 million ETH and staked $120 million ETH.
Gate News bot news, Arkham stated on social media that a Whale associated with Consensys received $320 million worth of ETH from Galaxy Digital early this morning.
He transferred it to the new address 0x0b2 and staked $120 million worth of ETH at that address through Liquid Collective.
Market experts believe that such large-scale buying operations could be beneficial for Ethereum, as supply and demand dynamics and broader institutional confidence play important roles. Experts also believe that this could be a catalyst for ETH to rise in tandem with other major altcoins.