Mysterious Whale Accumulates $541M in ETH via New Wallets
Unknown whale amasses $541M in ETH from top OTC desks using 5 new wallets in just 3 days.
- Whale received 11,062 ETH ($40.7M) via FalconX today.
- Five new wallets created over 3 days for accumulation.
- $541M worth of ETH acquired from FalconX, Galaxy Digital, and BitGo.
In a move that’s turning heads in the crypto world, an unidentified whale or institution has continued their buying spree by creating a brand-new Ethereum wallet and receiving 11,062 ETH—worth approximately $40.74 million—from OTC platform FalconX. The transaction happened just an hour ago, but it’s part of a much larger pattern that’s unfolded over the past three days.
This latest wallet adds to a growing list of newly created addresses tied to this mystery entity. So far, five separate wallets have been set up, each accumulating large amounts of ETH in a remarkably short time frame.
$541M in ETH in Just 3 Days
In total, the whale has acquired 147,591 ETH—equivalent to around $541.66 million—through multiple OTC channels. The ETH has come from prominent institutions such as FalconX, Galaxy Digital, and BitGo. These aren’t small retail buys; these are high-volume, institutional-grade transactions pointing to significant market activity.
What’s raising eyebrows is not just the amount of ETH being accumulated but the stealthy strategy involved—using multiple fresh wallets and sourcing from top-tier over-the-counter (OTC) platforms. This could indicate an effort to mask identity, avoid on-chain clustering analytics, or distribute holdings across wallets for strategic purposes.
What Could This Mean?
The scale and speed of accumulation suggest a few possibilities:
- A major institution might be preparing for a long-term ETH position.
- A large fund or ETF entity could be moving assets ahead of a formal announcement.
- A private whale might be seeking to quietly increase their ETH exposure amid rising anticipation around Ethereum’s potential ETF approval or tech upgrades.
Whatever the motive, the coordinated wallet creation and high-volume purchases are sending a strong bullish signal to the market.
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