Two institution-linked wallets received 9,044 ETH worth about $38 million from FalconX, signaling persistent institutional accumulation despite prevailing market weakness, according to Lookonchain data.
On August 19, blockchain analytics platform Lookonchain reported that two wallets linked to institutional investors received a combined 9,044 ETH, valued at approximately $38 million, from digital asset trading platform FalconX. The transaction, which occurred amid a broader cryptocurrency market downturn, suggests ongoing institutional interest in Ethereum despite declining market conditions.