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Two new wallets accumulate 18,914 ETH worth $35.2 million in 10 hours

Two new wallets accumulate 18,914 ETH worth $35.2 million in 10 hours

BlockBeats said the purchases averaged $1,861 per ETH and involved FalconX-linked transactions, though it added the activity may reflect an institutional buyer other than Bitmine.

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Fact Check
The claim's specific figures—18,914.13 ETH, ~$35.2M, average $1,861, 10-hour window, FalconX involvement, possible Bitmine link with the caveat about another institutional buyer—are corroborated identically across BlockBeats (the originating outlet), CoinNess, and Odaily, all tracing to on-chain analyst @ai_9684xtpa. The consistency of exact figures and the analytical caveat about Coinbase supports the claim as an accurate report of an on-chain accumulation observation. The underlying identity attribution (Bitmine vs another institution) remains uncertain by the sources themselves, but the claim accurately reflects that uncertainty.
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Summary

Two newly created wallets bought a combined 18,914.13 ETH valued at about $35.2 million over the past 10 hours, with the purchases executed at an average price of $1,861, BlockBeats reported. The outlet said the transfers were linked to FalconX and looked similar to transactions associated with ETH treasury company Bitmine, but it noted Bitmine had not previously acquired holdings through Coinbase. That leaves open the possibility that the activity came from another institutional trade, underscoring how large wallet accumulation can signal over-the-counter style positioning or treasury allocation rather than routine retail flow.

Terms & Concepts
  • FalconX: A digital-asset prime brokerage firm.
  • institutional trade: A large transaction executed by professional investors.
  • wallets: Blockchain addresses used to hold crypto assets.