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7 Siblings quietly accumulating ETH: from October until now, their holdings have surpassed the Ethereum Foundation
【Crypto World】There’s an interesting on-chain trend worth paying attention to. A well-known institution has been quietly accumulating Ethereum since October last year. At that time, the average cost was about $3,479, and they ultimately acquired nearly 48,600 ETH, investing $169 million.
As of now, this institution’s total ETH holdings on-chain have reached 252,000, with a market value of over 800 million. This scale ranks fifth among all institutional holders and has already surpassed the Ethereum Foundation’s own holdings. This indicates that the institution remains quite confident in ETH’s long-term prospects. Judging from the pace of accumulation and the scale of holdings, this move is not just short-term speculation.