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

Key Points

1. Institutional investors acquired an additional 19,550 ETH worth $70.7 million within a 10-hour window on July 19.

2. Since July 12, a specific wallet has accumulated 122,000 ETH, valued at approximately $435 million, with an average acquisition cost of $3,213 per token.

3. This accumulation has led to an unrealized gain of $41.34 million.

4. The activity highlights growing institutional confidence in Ethereum’s long-term potential.