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Whale Linked to Consensys Snaps Up $320M in ETH—What Comes Next?

  • A whale wallet associated with Consensys purchased over $320 million worth of Ethereum tokens from Galaxy Digital.
  • The purchased ETH was transferred to a new address labeled “0x0b2” and $120 million worth of ETH was staked through the Liquid Collective protocol.
  • Consensys, a prominent Ethereum player, demonstrated institutional confidence by acquiring and staking a significant amount of ETH.
  • The Ethereum price surged to $2,667.17 post-wallet transfer, indicating market response to the acquisition and staking activity.

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