Back
Over $127 Million in ETH Moved by Two Whale Wallets from Kraken and FalconX

Over $127 Million in ETH Moved by Two Whale Wallets from Kraken and FalconX

Two newly created wallets received a total of 40,980 ETH from FalconX, worth approximately $153.75 million, adding to the growing trend of whale activity in the Ethereum market.

ETH

Fact Check
Multiple sources corroborate that whale wallets moved significant amounts of ETH from both Kraken and FalconX. For instance, one transfer from FalconX was valued at $61.6 million (Source 4) or $68.8M (Source 1), while a separate transfer from Kraken involved over 31,000 ETH (Source 3), valued at over $120 million alone at contemporary prices. The combined value of just two such documented transfers easily exceeds the $127 million threshold, making the statement a conservative description of the events.
    Reference: 123
Summary

Two newly created wallets received 40,980 ETH, valued at $153.75 million, from FalconX. This follows the extraction of 119,804 ETH, worth $449.25 million, by five wallets linked to Kraken and FalconX over the past two days, believed to be associated with BitMine, a major Ethereum holder.

Terms & Concepts
  • Whale Wallet: A cryptocurrency wallet that holds a large amount of digital assets, often capable of influencing market movements.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.