The recent actions of the Ethereum treasury fund are worth following. According to on-chain data monitoring, the fund has just completed a significant ETH acquisition – transferring 29,462 Ether from two addresses, Kraken and BitGo, equivalent to approximately 8.838 million USD.
In the current market environment, such large position movements often reflect institutional investors' attitudes towards the future market. This purchase size belongs to a medium scale in Ethereum whale activity, but the frequent on-chain transactions do reveal signals of ongoing accumulation. It is worth following that these OTC-level transfers are usually conducted through well-known custodians (such as BitGo), ensuring both security and professionalism.
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The recent actions of the Ethereum treasury fund are worth following. According to on-chain data monitoring, the fund has just completed a significant ETH acquisition – transferring 29,462 Ether from two addresses, Kraken and BitGo, equivalent to approximately 8.838 million USD.
In the current market environment, such large position movements often reflect institutional investors' attitudes towards the future market. This purchase size belongs to a medium scale in Ethereum whale activity, but the frequent on-chain transactions do reveal signals of ongoing accumulation. It is worth following that these OTC-level transfers are usually conducted through well-known custodians (such as BitGo), ensuring both security and professionalism.