$103 million worth of ETH flows into a new wallet! Suspected institutional players begin large-scale deployment


On-chain monitoring has discovered that a newly created wallet address (market speculation suggests it may belong to Bitmine) recently received a large influx of funds.
This address just received 20,000 Ethereum from FalconX, worth approximately $45.85 million.
Including funds previously received from BitGo, this new address has accumulated a total of 45,000 ETH, worth about $103 million.
Large amounts of funds usually do not concentrate into a new wallet without reason; such operations are often related to institutional asset custody, strategic position building, or fund reallocation.
In the crypto market, price is the result, and the flow of funds is often where the story begins.
The real opportunity is often hidden when large funds have not yet been fully discovered by the market. ๐Ÿš€#WCTCไบคๆ˜“็Ž‹PK #ๅŠ ๅฏ†ๅธ‚ๅœบๅฐๅน…ไธ‹่ทŒ #Polymarketๆฏๆ—ฅ็ƒญ็‚น $ETH $SSV
ETH1.84%
SSV-1.42%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments