A major institutional player now sits on 3.63 million ETH—that's 3% of Ethereum's entire circulating supply, valued at a staggering $12.7 billion. What's catching eyes isn't just the mountain of tokens, but the appetite behind it.

Last week alone? They scooped up 69,822 ETH. Compare that to the week before when they grabbed 54,156 ETH. The buying pace is clearly accelerating. While retail might be sweating through red candles, this whale is doing the opposite—stacking aggressively when others hesitate.

Their ambition doesn't stop at accumulation. Word is they're targeting 5% of all Ethereum supply eventually. To put that in perspective, we're talking about control over a meaningful chunk of the second-largest crypto by market cap. And there's a revenue play brewing too: they're rolling out a validator network in Q1 2026, projected to generate $500 million annually from staking operations alone.

Classic contrarian move—buying the fear while the crowd exits. Whether this signals底部 or just deep pockets doubling down, one thing's clear: someone's betting big on ETH's long game.