FalconX, Galaxy Shift 35,948 ETH; Bitmine Holds 95,789 ETH

Published: 2025-08-27 02:32:13 |

Over the past eight hours, eight newly created wallets received 35,948 ETH in one of the largest institutional ETH transfers (~$164M) from FalconX and Galaxy Digital. On-chain analytics confirm these are custodial ETH transfers, not protocol-level activity. Another newly discovered address, flagged as Bitmine-linked, holds 95,789 ETH (~$427M). Traders should monitor these large ETH transfers for liquidity and custody implications, relying on verified on-chain data for further attribution.

Neutral

These large on-chain movements represent custodial shifts rather than active selling. While major ETH transfers can sometimes signal impending market actions, in this case transfers by FalconX and Galaxy Digital appear to be internal custody reallocations. This reduces immediate selling pressure and has limited impact on market liquidity. Short-term price fluctuations are likely minimal; long-term effects depend on whether these addresses eventually deploy the ETH. Overall, the news is neutral for market sentiment.