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A major institutional player has made significant moves in the Ethereum market over a brief 4-hour window. The entity acquired 32,938 ETH valued at approximately $97.6 million, while simultaneously depositing 118,944 ETH worth around $352.16 million into staking contracts. This substantial activity—combining fresh purchases with fresh staking commitments totaling over $450 million in ETH exposure—signals considerable conviction in the asset. Such coordinated large-volume transactions often capture attention from market observers tracking whale behavior and institutional positioning in major cryptocurrencies.