Two Crypto Whales Scoop Up $150M in ETH from OTC Desks
Two whale addresses buy $150M in ETH from FalconX and Galaxy Digital OTC, signaling major accumulation.
- Whales purchased $150M in ETH via OTC deals.
- 0x1e0 acquired $118.2M from FalconX; 0xa3A bought $40.5M from Galaxy Digital.
- Large buys may indicate rising institutional interest in Ethereum.
Whales Quietly Accumulate $150M in Ethereum
In a major show of confidence, two Ethereum whale addresses have made massive purchases totaling $150 million worth of ETH through over-the-counter (OTC) platforms. These transactions were executed away from public exchanges—an increasingly popular method for institutions and high-net-worth individuals to accumulate large crypto positions without triggering market volatility.
Blockchain data reveals that address 0x1e0 purchased $118.2 million in ETH via FalconX, while address 0xa3A bought $40.5 million through Galaxy Digital’s OTC desk. These discreet yet substantial buys suggest strategic accumulation and potentially long-term bullish positioning.
Why OTC ETH Buys Matter
OTC desks are favored by institutions and whales for large-volume trades that could otherwise move market prices on public exchanges. The use of FalconX and Galaxy Digital—two of the most trusted OTC platforms—underscores the serious financial backing behind these moves.
These kinds of purchases often indicate anticipation of price growth, or preparations for upcoming on-chain activities such as staking, fund creation, or treasury building. With Ethereum’s continued momentum in Layer 2 scaling and institutional adoption, such moves could reflect growing conviction in ETH’s long-term value.
Market Reaction & Implications
Although these trades occurred off-exchange, large whale activity is closely tracked by traders and analysts. These movements often precede price rallies or signal broader institutional interest in Ethereum.
If these addresses continue accumulating or transferring ETH to custodial wallets, it may reinforce the idea that Ethereum is becoming a preferred digital asset for institutions—second only to Bitcoin.
The Ethereum market remains stable for now, but large OTC buys like this have a history of foreshadowing bullish momentum.
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