- Consensys-linked wallet purchased $320M in ETH
- $120M staked via Liquid Collective
- ETH sourced from Galaxy Digital
A massive Ethereum purchase has caught the crypto community’s attention. A wallet widely believed to be linked to Consensys, a leading Ethereum software company, has reportedly acquired $320 million worth of ETH from Galaxy Digital. The transaction suggests growing confidence and potential long-term strategic planning by players deeply embedded in the Ethereum ecosystem.
This move wasn’t just about acquiring ETH — it’s what followed that raised eyebrows. The whale transferred a substantial portion of the ETH to a new address: 0x0b2. Out of the $320 million, $120 million was immediately staked through Liquid Collective, a platform offering institutional-grade liquid staking services.
Why This Matters
The transaction indicates a serious commitment to Ethereum and its long-term value. Staking such a large amount through Liquid Collective suggests the entity behind the purchase is seeking both yield and active participation in Ethereum’s network security and consensus mechanism.
The use of Galaxy Digital as the source adds another layer to the story. Galaxy is known for handling high-value institutional crypto transactions. Their involvement points to this being a highly coordinated move, not just a speculative buy.
The Bigger Picture
Consensys has been vocal in its support of Ethereum and Web3 infrastructure. While it hasn’t officially claimed this wallet, on-chain behavior and ecosystem ties strongly imply a connection. Whether this is a part of a larger DeFi strategy or treasury allocation remains to be seen, but it reinforces Ethereum’s dominance in the eyes of industry giants.
With Ethereum’s transition to proof-of-stake and the increasing demand for staking services, large movements like this could become more common — and more influential.
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