According to @lookonchain, a new wallet (0xdf0A) received an additional 16,495 ETH, valued at $58.5 million, from the Galaxy Digital OTC wallet just five hours ago. Since July 9, a total of 12 new wallets have collectively accumulated 808,347 ETH, worth approximately $2.85 billion. This substantial accumulation and inflow from institutional sources like Galaxy Digital highlight heightened OTC activity, which could impact ETH liquidity on exchanges and may signal strong institutional interest. Traders should monitor for potential price volatility and liquidity shifts as large-scale ETH movements often precede significant market actions (source: @lookonchain).

According to @lookonchain, a fresh wallet identified as 0xdf0A received an additional 16,495 ETH, valued at approximately $58.5 million, from the Galaxy Digital OTC wallet within the last five hours. Since July 9, twelve newly created wallets have collectively accumulated 808,347 ETH, worth about $2.85 billion. This significant on-chain movement indicates robust OTC and institutional accumulation activity, which may signal potential upward momentum or reduced ETH supply on exchanges, impacting trading strategies and price volatility. Source: @lookonchain.