Recently, a notable trend has emerged in the crypto assets market. An unidentified institution or coin stock company has accumulated 171,015 Ethereum (ETH) through 6 different wallet addresses within just 4 days, with a total value of approximately $670 million. This large-scale hoarding behavior has sparked widespread attention and speculation in the market.

According to on-chain data, the institution received 23,424 ETH in just the last hour, worth approximately $91.65 million. This rapid and large-scale purchasing behavior suggests that there may be significant strategic planning behind it.

Interestingly, these transactions were not conducted through common exchanges. The institution created a Wallet via BitGo using Address 0x0c3...40e, and then purchased and received ETH from institutional business platforms such as FalconX, Galaxy Digital, and BitGo. This mode of operation suggests that the entity behind the scenes is likely a well-established institutional investor with considerable scale and expertise.

Currently, the confirmed 6 receiving Wallet Address are:
1. 0x86F911dEb6bB8CA5C36EdDF9eF86a9dc1F694446
2. 0x55CF01A87Ba597ffa6772a0634c30ceec7FCE679
3. 0x8C6bBdeFFBE8fC7c58E920934667C5B74dEBDc60
4. 0xf2A030CD953b4dcaD9563f5a1d58BB3342fEa458
5. 0xa44437352eB789B48c0B0917D7E258d9C39204D0
6. 0x23554140eCD8b99CC746d3ba2f799A2e19084b9e

It is worth noting that the average purchase price of these ETH is $3,669. Considering the current market conditions, this substantial investment may reflect the institution's strong confidence in the future development of Ethereum.

Such a large-scale investment behavior will undoubtedly impact the market supply and demand of ETH. It may indicate that institutional investors are increasing their layout in Crypto Assets, especially Ethereum. However, since the identification of this institution remains a mystery, market participants can't help but ask: does this mean that more large institutions are quietly entering the Crypto Assets market? What are the strategic intentions behind this move?

In any case, this series of large-scale purchases has undoubtedly injected new vitality into the ETH market, while adding more uncertainty and imagination to the market's direction. In the days to come, all parties in the market will closely follow the subsequent actions of this mysterious buyer, as well as the profound impact it may have on the entire crypto assets ecosystem.