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On July 16, data from OnchainLens revealed a significant transaction involving a newly created wallet address that withdrew 27,805.52 ETH from FalconX, with an estimated value of around $83.18 million. This movement highlights substantial liquidity shifts within the Ethereum market. Over the preceding four days, the same wallet executed cumulative withdrawals totaling 68,141 ETH, equating to approximately $205.74 million. The wallet in question, identified as 0x96842feaf466ab482e700acac5c80e61b97e06ea, underscores the ongoing trend of large-scale asset reallocations by institutional or high-net-worth investors. Such transactions are closely monitored by market participants as they can influence short-term price dynamics and liquidity conditions on major crypto trading platforms like FalconX.
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