On-chain data has revealed that $40 million worth of Ethereum was recently transferred through institutional trading platform FalconX, believed to be connected to a much larger 171,000 $ETH ETH acquisition.
Analysts suggest the transfer could be part of whale accumulation or OTC deals, potentially signaling strong institutional interest in $ETH
ETH. The timing coincides with growing optimism around Ethereum’s staking growth, scalability upgrades, and broader adoption in DeFi.
If this movement is indeed part of a larger purchase, it could indicate bullish pressure building in the market, with supply tightening as more $ETH
ETH gets absorbed by long-term hold
ers.