Whales Accumulate Over 122,000 ETH Worth $435M via FalconX, Generating $41M Unrealized Profit

On July 19, on-chain data from analyst Yu Jin revealed that institutional investors have persistently increased their holdings of Ethereum (ETH) via FalconX, acquiring an additional 19,550 ETH valued at roughly $70.7 million within a 10-hour window. Since July 12, this particular wallet has amassed a total of 122,000 ETH, equating to approximately $435 million at an average acquisition cost near $3,213 per token. This strategic accumulation has resulted in an unrealized gain of $41.34 million, underscoring a significant bullish stance among large-scale market participants. Such concentrated buying activity highlights growing institutional confidence in Ethereum’s long-term value proposition and may influence market liquidity and price dynamics moving forward.