Ethereum Whales Are Back: $142M in Buys #Signal Renewed Confidence Amid Mixed Technicals

Ethereum (ETH) is making waves again—not just in price, but in who's buying. In recent on-chain activity, some of the largest Ethereum holders—so-called “mega whales”—are making bold and noticeable moves. Two massive transactions totaling nearly $142 million have turned heads and reignited speculation about where ETH might be headed next.

Mega Whales Make a Splash: Over $140M in Institutional #Ethereum Buys

Blockchain tracking platform Lookonchain has spotlighted two particularly significant wallet movements over the last 24 hours. These transactions weren’t from your average crypto enthusiasts but from players with serious capital and institutional ties.

A newly created wallet, labeled “0x86F9”, purchased 24,294 $ETH , worth approximately $86.48 million. The origin of these funds? FalconX, a known institutional-grade crypto trading platform. This suggests institutional involvement or high-net-worth investor activity.

Shortly after, another wallet, “0x40E9”, acquired 15,627 ETH from #Galaxy Digital’s OTC desk, representing roughly $55.6 million.

These aren’t retail-level buys—they’re strategic, deliberate, and large enough to shift market sentiment. When #whales move, retail investors often follow.