The two institutions accumulated more than 200,000 ETH in 6 days
2025-07-18 03:18:22
According to analyst Ember, one institution has amassed 103,141 ETH through FalconX in the past 6 days, with an average price of $3,140 and a total value of about $323.80 million. Another address has amassed 103,274 ETH through Kraken in a similar time period, with an average price of $2,885 and a total value of about $298 million, and is currently trading at about $63 million. The address continued to withdraw 14,982 ETH ($51.29 million) from Kraken 4 hours ago. The timing, manner and amount of hoarding at both addresses are highly similar and may be the same institution. The large amount of ETH collected by institutions in the market has pushed the price up from $2,500 in July to $3,600 now.
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