The cryptocurrency market has shown sustained growth, reaching a total market cap of $4 trillion, highlighting high investor activity, particularly from large players.
Ethereum Purchases by Major Investors
On-chain data shows significant purchases of Ethereum. A major shareholder acquired 49,533 Ethereum totaling $210.68 million through platforms like Galaxy Digital, FalconX, and BitGo. This investor holds approximately $940.7 million in Ethereum, spread across six wallets.
Similarly, Arthur Hayes from Maelstrom implemented a diversified portfolio strategy, investing $6.85 million in Ethereum-related tokens, including Lido DAO, Ether.fi, and Pendle.
Staking and Long-Term Investments
Some whales have staked their assets for long-term passive income. For instance, an inactive address for three years staked 4,736 ETH, executing a $19.84 million transaction. This investor profited $10.7 million, having initially entered the market with approximately $9.12 million worth of Ethereum.
Additionally, another significant wallet withdrew 2009 ETH from Binance for staking, with OnChain Lens reporting that 10,999 ETH ($46.69 million) was withdrawn and staked on EigenLayer and ETH2.0, resulting in a current profit of $13.53 million.
Profit Realizations and Asset Movements
Some investors opted for profit realization recently. A fund associated with the 1inch team sold 5,000 ETH at an average price of $4,215, gaining $21 million in USDC. The team also sold 1INCH tokens, earning a total profit of $8.36 million.
Furthermore, assets acquired through cyber attacks also changed hands. Lookonchain reported that Infini Exploiter sold 1,771 ETH ($7.44 million) today. Following a February 24 attack, $49.5 million was stolen and used to purchase 17,696 ETH, while they still hold 9,154 ETH ($38.85 million).
These developments highlight considerable market activity, with ongoing large trades, profit-taking, and long-term positioning strategies among major investors.
