On July 24, blockchain analytics platform Onchain Lens identified two recently established wallets accumulating significant amounts of Ethereum (ETH). The first wallet, 0x3dF, acquired a substantial transfer of 87,275 ETH from the Galaxy OTC market, with a valuation approximating $326.81 million. Meanwhile, the second wallet, 0x286, received 16,472 ETH from FalconX, amounting to nearly $61.43 million. These large-scale movements highlight ongoing institutional activity and liquidity shifts within the ETH market, signaling potential strategic positioning by major market participants. Monitoring such wallet inflows is crucial for investors aiming to understand market dynamics and anticipate shifts in asset distribution across key players.
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