Another big player has entered the market. A well-known investment firm, Bitmine, has purchased $80 million worth of Ethereum in a single on-chain transaction, marking the first operation of this magnitude detected in nearly three weeks. What's even more interesting is that this investor still holds an investment capacity of nearly $3 billion. If this pace of buying continues, Ethereum's ability to attract funds might be overwhelmed—market watchers are paying attention to how this money will ultimately be spent.

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