COINOTAG News on August 29 reported that Arkham‘s on‑chain monitoring identified four addresses—referred to as the Four Whales—that acquired approximately $3.572 billion of ETH over a two‑day span. Chain records indicate all four wallets received inbound transfers originating from FalconX within the same timeframe, a pattern consistent with custodial or brokered settlement activity. The concentration of these flows, as captured by Arkham’s analytics, is relevant for market participants tracking on‑chain liquidity, exchange balances and market depth. Trading desks and risk managers should monitor subsequent on‑chain movements and order‑book metrics to evaluate potential effects on price discovery and execution risk.