According to @EmberCN, a significant whale or institution has accumulated 103,141 ETH, valued at $323.8 million, over the past six days through the institutional platform FalconXGlobal. The analysis indicates an average purchase price of $3,140 per ETH. This large-scale accumulation is cited as a key factor, alongside US-listed companies reserving ETH, in driving Ethereum's price from $2,500 to its current level of $3,600 in July.