A cryptocurrency whale organization has created a new wallet and received hundreds of thousands of ETH worth hundreds of millions of USD in recent days.
Within one hour, the newly created wallet received 11,062 ETH from FalconX, bringing the total ETH transferred into this organization’s five wallets to 147,591 ETH, equivalent to over 541 million USD.
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In 3 days, the mysterious organization created 5 new wallets and received a total of 147,591 ETH.
This amount of ETH is estimated to be worth approximately 541.66 million USD.
The sources transferring ETH include FalconX, Galaxy Digital, and BitGo.
How many new wallets has the cryptocurrency whale organization created and how much ETH has it received?
In the last 3 days, a large organization has created 5 new cryptocurrency wallets and received a total of 147,591 ETH.
This activity demonstrates a very large transaction scale, with ETH being received from multiple reputable sources such as FalconX, Galaxy Digital, and BitGo. The transfer of huge amounts of ETH reflects the potential for a strong influence on the cryptocurrency market and identifies large cash flows on the blockchain.
What is the estimated value of this amount of ETH?
The total amount of 147,591 ETH is currently valued at approximately 541.66 million USD based on the exchange rate at the time of the transaction.
The most recently created wallet received 11,062 ETH, equivalent to about 40.74 million USD within just one hour, showing rapid and large asset movements in the current cryptocurrency ecosystem.
Who are the main sources of ETH transferred to these wallets?
The ETH amounts were transferred from three major trading and custody service providers: FalconX, Galaxy Digital, and BitGo.
These entities are well-known and reputable in the market, often serving large institutional clients, so the reliability and authenticity of these transactions in the cryptocurrency ecosystem can be highly regarded.
A market analyst emphasized: “The deployment of multiple wallets by a whale organization and the receipt of large amounts of ETH from reputable sources indicate a trend of core asset movement, suggesting large-scale investment or portfolio restructuring activities are occurring.”
Cryptocurrency market analyst, August 2023
Frequently Asked Questions
Who is this whale organization?
Currently, there is no accurate information about the identity of this mysterious organization due to the private nature of blockchain transactions.
What does creating multiple new wallets signify?
Creating multiple wallets helps this organization to diversify risk or manage assets more effectively in the cryptocurrency environment.
How reputable are the sources transferring ETH such as FalconX, Galaxy Digital, and BitGo?
These three entities are considered major and reputable cryptocurrency service providers in the global institutional trading and custody space.
How might this amount of ETH impact the cryptocurrency market?
Transacting large amounts of ETH worth hundreds of millions of USD can create volatility in liquidity and investor sentiment.
Is there any information about the intended use of this ETH?
Currently, there is no official data on the intended use, and related transactions are still being closely monitored by the community and analysts.
Source: https://tintucbitcoin.com/eth-ca-voi-lap-5-vi-tang-11-062-eth/
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