Two New BitMine Addresses Linked to ETH Whale Withdraw $88.73M in ETH from FalconX as Weekly ETH Total Reaches $229M

COINOTAG News, citing Arkham Monitoring, reports two newly flagged addresses suspected to be linked to BitMine. A significant ETH withdrawal—valued at 88.73 million USD—from FalconX occurred earlier today, marking a sizable liquidity move from a major venue.

For the week, aggregate ETH inflows and outflows attributed to this activity have climbed to about 229 million USD, highlighting elevated wallet-level concentration and potential implications for market liquidity.

Market observers caution that attribution requires corroboration and stress that such transactions do not automatically presage price action. Ongoing verification from on-chain analytics and exchange disclosures will be essential for credible risk assessment.