35,948 ETH ($164M) Moved to 8 New Wallets from FalconX & Galaxy Digital; Bitmine-Linked Address Holds 95,789 ETH

COINOTAG News, citing LookIntoChain monitoring, reports that over the past eight hours eight newly created wallet addresses received a cumulative 35,948 ETH (about $164 million) from institutional counterparties FalconX and Galaxy Digital. On-chain analytics indicate these transfers reflect discrete custodial movements rather than protocol-level activity.

Earlier chain reports identified a separate newly discovered address that acquired 95,789 ETH (roughly $427 million); analysts flagged the address as potentially associated with Bitmine based on transaction patterns. Market participants and compliance teams should monitor these large-scale Ethereum transfers for liquidity and custody implications, relying on verified on-chain data for further attribution.