Ethereum Whale Bitmine Receives 33,948 ETH ($135 Million) From FalconX

On October 29, blockchain analytics firm LookIntoChain flagged two new Ethereum addresses potentially linked to Bitmine. The addresses reportedly received 33,948 ETH from FalconX, a transfer valued at about $135 million.

Although attribution remains unconfirmed, the sizeable inflow highlights active blockchain analytics surveillance and the important role of large-capital custodians in shaping ETH transfers dynamics.

Market participants should await corroboration from LookIntoChain and other independent trackers before drawing conclusions, focusing on verified disclosures and prudent risk controls around on-chain activity.