COINOTAG News, reporting on December 17, cites LookIntoChain’s on-chain monitoring to note that a wallet address suspected of belonging to BitMine received a fresh transfer of 48,049 ETH from FalconX. The transaction occurred roughly five hours ago and carried an estimated value of $140.58 million at current rates.

The move underscores ongoing institutional liquidity activity within the Ethereum ecosystem, with on-chain analytics tracking substantial wallet flows between custody providers and major trading venues such as FalconX.

While these signals illuminate asset mobility, analysts caution that they do not reveal motive. Market watchers should await follow-on activity and price action to determine whether this transfer reflects liquidity rebalancing, settlement activity, or routine portfolio management rather than speculative intent.