Key Highlights
- Whale scoops up over 100K ETH in just two days.
- Signs of major institutional Ethereum accumulation spotted.
- Analysts warn of a looming ETH supply crunch.
A single Ethereum whale has purchased 101,131 ETH, valued at around $364 million over the past 48 hours. The transactions were identified through blockchain data and Etherscan records, with screenshots of the activity now being widely shared on X (formerly known as Twitter) and other crypto tracking platforms.
Massive Whale Activity Detected
Blockchain data from Etherscan highlighted that a large number of high-value Ethereum transfers have been carried out into a wallet labelled “FalconX_0x115,” which has been identified as one of the most prominent institutional crypto trading desks.
This increased buying volume has caught the attention of the crypto community and also sparked the speculations of looming Ethereum supply crisis.
Where did the ETH come from?
The source of the ETH adds more to the existing story. The tokens have come from well-known crypto custody services and over-the-counter (OTC) trading desks, which also includes Galaxy Digital. For example, the transfer of 8,846 ETH and 4,500 ETH were seen coming from their wallets. Galaxy OTC also showed quick wallet-to-wallet moves over the last one to two days. This looks like a part of a planned buying strategy which is to slowly collect ETH from big trading platforms and then send it to the FalconX wallet to avoid causing any major change in the market price of ETH.
On-Chain Data Backs the Whale Action
Blockchain data supports the whale activity. The screenshots show:
- Three large internal transfers from the address “0xEf71,” each moving more than $14 million worth of ETH.
- At least five big external transactions came from well-known sources like Galaxy Digital and Galaxy OTC. The fees on these were extremely low-less than 0.00006 ETH, something you usually see in big, institutional transfers.
- All the ETH ended up in the wallet labelled “FalconX_0x115.” The ETH kept flowing in with barely any delay between transactions, showing that this was a well-planned and coordinated build up.
Ethereum Supply Under Pressure?
Moves like these usually point to big institutional plans, like staking, DeFi use, or holding ETH as part of ETH reserves. However, with over $364 million worth of ETH being moved into storage or institutional wallets, experts are warning it could cause a short-term supply shortage.
Ethereum has about 1200 million coins in circulation. From this accumulation, if you take out 101,000 ETH, in just two days, it lowers the amount available for trading. This can make prices jump, especially if regular investors starts buying in out of fear of missing out (FOMO).
If this ETH is being locked up for long-term use-like staking, where coins are held to earn rewards, it could reduce supply on exchanges even more, putting extra pressure on prices to rise.
No one knows for sure who is behind all these massive ETH transfers. It could be a big-time investor, a hedge fund, or someone preparing for large-scale institutional use. However, the size of the purchase is impossible to ignore. This is one of the biggest Ethereum buying sprees seen this year.
If the token is meant for staking, private storage, or for using it in DeFi, it can quickly reduce how much ETH is available to trade, possibly causing a supply shortage.
As Ethereum becomes more important to the Web3 world, such moves indicate that large investors are gaining confidence in the token. For everyday buyers, the message is clear: big money is fast and in large amounts.
Some now are saying, “An ETH supply shock is coming.” It’s not certain yet, however, the clock might just be ticking.
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