18-8-2025 – Two newly created cryptocurrency wallets withdrew 25,684 Ethereum (ETH), valued at approximately $114.3 million, from the FalconX platform four hours ago, according to on-chain data first reported by Lookonchain. The significant transaction has sparked interest among market analysts, as it aligns with a broader trend of large-scale Ethereum accumulation by institutional and whale investors.
The withdrawals come amid Ethereum’s recent price surge, with ETH trading above $4,000, driven by heightened institutional interest and whale activity. Similar large transactions have been observed in recent weeks, with newly created wallets pulling substantial ETH sums from exchanges like FalconX and Kraken.
