New cryptocurrency wallets amassed over 55,000 ETH through major institutional transfers from FalconX and Galaxy Digital, signaling heightened institutional confidence in Ethereum’s market trajectory. The aggregated movement represents a strategic positioning by institutional entities within the cryptocurrency landscape.
Specifically, wallet address 0x86F acquired 15,000 ETH from institutional brokerage FalconX, bringing its total holdings to 39,294 ETH valued at $146.45 million. Simultaneously, wallet 0x55C received 9,968 ETH from digital asset manager Galaxy Digital, worth approximately $37.12 million.
According to Onchain Lens analytics, this accumulation surge across new wallets reflects a broader trend of institutional participants strategically increasing Ethereum exposure. The transfers underscore growing bullish sentiment toward Ethereum’s long-term valuation prospects among professional investment firms.