Whale Addresses Accumulate 197,737 ETH Worth $696M

Several whale addresses accumulated 197,737 ETH worth approximately $696M in recent days, Lookonchain data show. A new wallet (0x392a) withdrew 10,050 ETH ($34.38M) from Kraken on Nov. 12, while address 0xa235, potentially linked to BitMine, purchased 24,007 ETH ($82.13M) via Galaxy Digital OTC six hours earlier. Over the past two days, a whale or institution that previously held a short position on 66,000 ETH acquired 163,680 ETH valued at roughly $582M.