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ConsenSys Drops $320M on Ethereum—Galaxy Digital Plays Whale to Their Minnow
ConsenSys Drops $320M on Ethereum—Galaxy Digital Plays Whale to Their Minnow
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Blockchain giant ConsenSys just made a power move—snapping up $320 million worth of Ethereum from Michael Novogratz's Galaxy Digital. Arkham Intelligence flagged the whale-sized transaction, sparking chatter about institutional accumulation.
Why this matters: When Ethereum's OG developers start buying truckloads of ETH, it's either extreme conviction or a hedge against their own gas fees. Meanwhile, traditional finance still can't decide if crypto is an asset class or a prank.
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