Ethereum (ETH): Two New Wallets Each Receive 41,946 ETH From FalconX and BitGo, Likely Linked to BitMine (≈$130.78M)

COINOTAG News reported on-chain activity on December 5, citing Lookonchain analytics. Two newly created wallets each received 41,946 ETH five hours ago, with transfers initiated by FalconX and BitGo, respectively. The combined value is roughly $130.78 million at current pricing, underscoring a high-value move in ETH transfers and on-chain liquidity.

This on-chain event highlights ongoing activity among major custody and liquidity providers and could reflect routine settlement or treasury moves rather than market manipulation. Analysts note that such transfers are traceable via Lookonchain and other blockchain monitoring tools, offering transparency for investors and risk managers monitoring large-scale ETH movements.