According to on-chain analyst Ember, a certain whale/institution has accumulated 171,015 ETH (worth $670 million) over the past four days through six addresses. In the past hour alone, they received 23,424 ETH (worth $91.65 million).

They used the 0x0c3 address to create a wallet through BitGo, and then purchased and received ETH from institutional platforms such as FalconX, Galaxy Digital, and BitGo. Currently, they have created six wallets that have received a total of 171,015 ETH (worth $670 million) at an average price of $3,669.