Institutional Giants Pour Millions into Crypto; Whale Buys 12K ETH

Cryptocurrency markets have seen significant activity in recent hours, with major players making substantial investments and transactions. The 1inch Investment Fund has spent $1.14 million to acquire 4.7 million 1INCH tokens, indicating a bullish sentiment towards the token. Meanwhile, BlackRock, the world's largest asset manager, has deposited 18,168.3 ETH and 1,800 BTC to Coinbase, suggesting increased institutional interest in cryptocurrencies.

A prominent whale, known as "7 Siblings," has once again made a significant purchase, spending 28.75 million DAI to buy 12,070 ETH following a market dip. This transaction demonstrates the whale's confidence in the long-term prospects of ETH, despite short-term market fluctuations. Additionally, Bybit, a major cryptocurrency exchange, has bought an additional 36,893 ETH via OTC, further indicating the growing demand for ETH among institutional investors.

These transactions highlight the increasing interest and activity in the cryptocurrency market, with major players and institutions continuing to invest in and trade various cryptocurrencies. As the market continues to evolve, it will be interesting to see how these investments and transactions impact the overall cryptocurrency landscape.