Big whales are accumulating again! A giant whale bought over 20,000 ETH in one go

NonFungibleDegen · 2026-01-23T00:40:13+00:00

Recently, a well-known whale address has been heavily buying Ethereum on the FalconX platform, accumulating over 20,000 ETH with a total investment of $59 million. Currently, the holdings have reached 80,115 ETH, valued at nearly $237 million. The market is skeptical about its motives, believing it could be bottom-fishing or institutional positioning. Monitoring whale activity is necessary to interpret market trends.

NonFungibleDegen

2026-01-23 00:40:13

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【Crypto World】According to on-chain data monitoring, a well-known whale address has recently resumed activity on the FalconX platform—buying in over 20,000 ETH one after another, spending a total of 59 million USD. Currently, this whale’s Ethereum holdings have accumulated to 80,115 tokens, with a market value approaching 237 million USD. What is the logic behind this move? Is it optimistic about the future market or bottom-fishing at a low point? Judging from the size of the holdings and the buying intensity, major investors are still quite serious about ETH. Large-scale purchases like this in the market usually trigger some discussions—some say it’s institutional布局, while others wonder if there’s some inside information. But the data is right there; if you really want to understand market trends, you still need to pay close attention to the actions of these whales.

ETH-1.66%

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