COINOTAG reported on September 11 that lookonchain monitoring identified a sizable on‑chain movement: three newly created wallets received 46,347 ETH from FalconX, a transfer valued at approximately $2.044 billion. The record reflects a clear, large‑scale transfer observed within a three‑hour window.
Such a concentrated inbound transfer to recently created addresses is indicative of institutional ETH activity or custody arrangements, given the counterparty and magnitude. On‑chain data confirm the provenance and amount without asserting motives, providing verifiable evidence of significant capital flows into Ethereum.
Market participants will monitor on‑chain liquidity metrics and exchange balance changes following this transfer, as these indicators provide context for broader institutional ETH accumulation trends and portfolio reallocation decisions.