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Consensys-related Whale purchased $320 million ETH and staked $120 million ETH.

GateNews

2025-06-05 05:57:00

ETH-0,65%

Gate News bot news, Arkham stated on social media that a Whale associated with Consensys received $320 million worth of ETH from Galaxy Digital early this morning.

He transferred it to the new address 0x0b2 and staked $120 million worth of ETH at that address through Liquid Collective.

Market experts believe that such large-scale buying operations could be beneficial for Ethereum, as supply and demand dynamics and broader institutional confidence play important roles. Experts also believe that this could be a catalyst for ETH to rise in tandem with other major altcoins.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

FSen

· 2025-06-05 06:20

HODL Tight 💪

Reply0

FSen

· 2025-06-05 06:20

HODL Tight 💪

Reply0

FSen

· 2025-06-05 06:20

Bull Run 🐂

Reply0

FSen

· 2025-06-05 06:20

Bull Run 🐂

Reply0

FSen

· 2025-06-05 06:20

HODL Tight 💪

Reply0