<ul><li>A whale, potentially associated with Consensys, purchased $320 million worth of Ethereum (ETH) from Galaxy Digital, as per on-chain data from Arkham Intelligence.</li><li>Approximately $120 million ETH was staked with Liquid Collective in a newly established wallet (0x0b2), indicating a trend towards institutional staking for maximizing yield and liquidity.</li><li>Speculations arose regarding the purpose of the wallet—whether it belongs to Consensys' treasury, serves as an investment vehicle, or aims to enhance staking rewards amidst Ethereum's market changes.</li><li>Institutional staking has been increasing post Ethereum's Pectra upgrade on May 7, enabling more flexibility and efficiency for large-scale investors, with analysts anticipating further Ethereum growth due to institutional interest.</li></ul>

Whale Buys $320M ETH—Possible Link To Consensys Raises Speculations

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