Institutions Accumulating ETH: $204M Moved in 3 Hours
In a recent development, three new wallets have received a substantial amount of Ethereum (ETH) totaling approximately $204 million from FalconX hot wallets in a span of just 3 hours.
- Transfers comprised chunks of 18.6K ETH and 9.2K ETH
- All the funds have been merged into these new wallets
- This pattern indicates a shift towards institutional accumulation rather than retail transactions
Smart Money Making Moves
It’s evident that institutional investors are actively positioning themselves in the market, showing no hesitation to acquire ETH at current prices, suggesting a bullish sentiment towards the cryptocurrency.
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