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Major ETH Whales Execute Significant Transfers to Exchanges
11/26/2025, 03:06
AI SUMMARY
●• ICO participant sells 20,000 ETH ($58M) via FalconX
●• Wallet linked to Fenbushi Capital deposits 10,400 ETH to Binance
●• Large transfers signal potential profit-taking or reallocation
Large-scale Ethereum movements have been detected on-chain, involving both early ICO participants and institutional funds. An Ethereum ICO participant recently sold 20,000 ETH (approximately $58.14 million) via FalconX. This individual originally received over 254,000 ETH at genesis.
Separately, a wallet potentially linked to Fenbushi Capital deposited 10,400 ETH (approximately $29.88 million) into Binance. These transfers to exchanges and trading desks are often interpreted by the market as potential selling intent or liquidity provision.
Such movements by "OG" wallets and institutions are closely monitored as they can impact short-term supply dynamics and market sentiment.