A mysterious whale or institutional entity has been executing large-scale, systematic purchases of Ethereum (ETH) since March 10, according to analyst Yujin. The latest on-chain data reveals that the entity acquired 14,424 ETH for $30.72 million USDT through a new wallet early today. To date, the whale has spent approximately $253 million USDT across six different wallet addresses, amassing a total of 117,800 ETH at an average purchase price of $2,149. Although some platforms previously linked these addresses to ShapeShift founder Erik Voorhees, he has publicly denied any association.