According to Lookonchain, a significant whale or institutional player purchased 108,278 ETH valued at $283 million through an OTC transaction. Galaxy Digital's OTC wallet withdrew 89,000 ETH ($233.5 million) from exchanges within the past 12 hours and subsequently transferred 108,278 ETH ($283 million) to the receiving wallet 0x0b26. This substantial on-chain movement indicates strong institutional interest in Ethereum and could impact short-term price volatility and on-chain liquidity for ETH traders (source: Lookonchain, June 4, 2025).