Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk

BitcoinWorld Whale Address Accumulates $71.1M in Ethereum via Galaxy Digital OTC Desk An anonymous cryptocurrency whale has accumulated 37,000 Ethereum (ETH) worth approximately $71.1 million over the past two weeks, according to blockchain tracking platform Onchain Lens.

The funds were transferred from an over-the-counter (OTC) trading address associated with Galaxy Digital, a major digital asset financial services firm. The latest activity includes an additional 10,000 ETH, valued at around $19.1 million, moved within the last three hours.

Transaction Details and Whale Behavior Blockchain data shows the receiving wallet, which begins with the address 0x8c5, has been steadily accumulating ETH in multiple tranches.

The largest single transfer was part of the recent 10,000 ETH addition, indicating a deliberate, staged buying pattern rather than a one-time purchase.