According to a report from a blockchain analysis firm, an Ethereum address has recently attracted widespread attention in the market. This address has continuously purchased large amounts of Ether over the past 11 days, accumulating a total of 112,972 ETH, with a total value of up to $413 million.

The latest transaction occurred about 7 hours ago, purchasing 12,000 ETH through the Galaxy Digital platform, valued at approximately 45.01 million USD. This purchase keeps the average buying price of the Address at around $3,662.

It is worth noting that since July 10, several large-scale addresses hoarding ETH have appeared in the market. These addresses are not controlled by the same entity, but their behavior shows a strong confidence in the long-term value of Ethereum. Currently, these addresses have accumulated approximately 648,000 ETH, with a total value reaching an astonishing $2.44 billion, and an average purchase price of $3,445.

This massive influx of funds may indicate that institutional investors are optimistic about the cryptocurrency market, particularly Ethereum. However, investors should remain cautious and closely monitor market trends, as large transactions often have a significant impact on the market.