
Imagine, if you will, a market so quiet you could hear a pin drop. Now picture a whale the size of a zeppelin quietly hoovering up ETH through backchannels like a butler tidying up after a raucous party. According to Lookonchain-the Sherlock Holmes of blockchain analytics-our OTC whale friend has been buying 10,000 ETH at a time, because nothing says “subtlety” like moving $58.8 million worth of crypto in one go. Trend Research, ever the drama queen, borrowed $70M in USDT just to join the frenzy. One might call it “accumulation,” but really, it’s just rich folks playing musical chairs with a blockchain twist.