PANews reported on December 16 that Spot On Chain monitoring showed that an institution was aggressively increasing its holdings of Ethereum ($ETH). Nine hours ago, two multi-signature wallets created by the same address withdrew 4,502 ETH (worth about $17.54 million) from Binance for the first time, when the price was about $3,895, and then pledged these tokens to KelpDAO. As the price of ETH rebounded to more than $4,000, this batch of assets has now made a floating profit of about $517,000 (+3%).