Ethereum Transfer: New Bitmine Address Receives 16,693 ETH from FalconX Worth $50.1M

COINOTAG News reported on November 30, citing LookIntoChain monitoring, that a freshly created wallet linked to Bitmine received a sizeable inbound transfer from FalconX. The transfer involved 16,693 ETH and signals a notable move in Ethereum-space liquidity.

According to LookIntoChain data, the new Bitmine address drew 16,693 ETH from FalconX, with the aggregate value estimated near $50.1 million at the time of transfer.

This on-chain activity highlights evolving capital flows among mining entities and institutional counterparties, contributing to a clearer picture of crypto liquidity dynamics in the current market.