Ethereum (ETH) surges 21%, with a mysterious institution purchasing an additional 294.9 billion won worth of ETH in a single day.

As Ethereum (ETH) surged by 21% within a week, an unidentified institutional investor has been intensively accumulating at least 260,000 Ethereum. This investor has drawn attention to the industry by additionally purchasing Ethereum worth $212 million (approximately 294.9 billion won) in the past 24 hours alone. According to blockchain analysis firm Lookonchain, this 'mystery institution' is storing Ethereum through a total of six wallets, which have secured assets through major OTC brokers such as Galaxy Digital, FalconX, and BitGo. The wallet with the most Ethereum holds $181 million (approximately 251.6 billion won) worth of Ethereum, and even the wallet with the least holdings has been confirmed to be worth $128 million (approximately 177.9 billion won). This purchasing trend is also connected to the recent surge in whale addresses. On-chain data platform glassnode announced last Saturday that the number of Ethereum wallets holding over 10,000 ETH reached 868,886. This is the highest figure in the past year, proving the strengthening trend of institutional-centered accumulation. The market interprets that the investor is moving with expectations of long-term appreciation, and there are also predictions that such large-scale purchases will serve as a short-term price support for Ethereum. However, the identity and investment intentions of the institution have not been officially confirmed, leaving only industry speculation.