The accumulation followed earlier withdrawals of roughly 357 ETH from the same exchange last month, along with staking of 224 ETH in the Beacon Deposit Contract, according to Ethereum data tracker Etherscan.
The wallet’s current liquid balance sits near 5,433 ETH, worth approximately $10.3 million at prices around $1,890–$1,900, bringing the overall position (including staked holdings) close to $10.7 million.
The move fits a broader pattern of large-holder accumulation. Last week, a whale address built a position of approximately 121,000 ETH (worth around $227 million) in a month, including a 9,000 ETH withdrawal from the Gemini crypto exchange.
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