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Ethereum’s price surge above $4,300 is being driven by significant whale activity, including multi-million-dollar purchases by BitMEX co-founder Arthur Hayes and institutional wallets. Analysts attribute the rally to ETF flows, macro catalysts, and regulatory clarity but warn of potential volatility ahead.
- BitMEX co-founder Arthur Hayes moved $8.4M in ETH, Lido DAO, EtherFi, and Pendle, aligning with his bullish $10K ETH prediction.
- A 'mysterious institution' accumulated $946.6M in ETH via OTC platforms, while SharpLink Gaming's wallet received $253M in large transfers.
- Analysts warn that while institutional demand tightens ETH supply, stalled legislation or CPI-driven macro shifts could spark volatility.
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