According to Onchain Lens, three newly created wallets received 72,898 ETH valued at about $279.45M from FalconX and BitGo on Oct 17, 2025, with recipient addresses 0xd4Ced86B2ED7581C72f9a0643DD103a9e77C404A, 0xf093B03312Ff828C3D8687F6ced8765478ae3b32, and 0x7930325731FDb5c6e56daC8E26C9245D726eaD11, source: Onchain Lens. Onchain Lens indicated these wallets likely belong to Bitmine, which remains unconfirmed, source: Onchain Lens. No exchange deposit addresses were cited in the alert, suggesting only inbound transfers to new wallets were reported, source: Onchain Lens. Based on the reported totals, the implied average value is roughly 3,833 dollars per ETH, which traders can use as a reference cost basis for monitoring subsequent flows, source: Onchain Lens. Traders can track these wallet addresses for any outbound transfers to known exchange deposit wallets as potential short term sell pressure signals, using the addresses reported by Onchain Lens as monitoring anchors, source: Onchain Lens.

According to the source, a claim was posted that a new wallet received 24.4K ETH worth about $93M, pending independent on-chain confirmation, source: original X post. Traders should verify the transaction hash, recipient address, and whether the wallet is exchange-labeled via Etherscan and Arkham before taking positions, source: Etherscan; Arkham Intelligence. If the address is not exchange-labeled and funds are newly accumulated, circulating supply on exchanges may be reduced, which can tighten spot liquidity; if it is an internal exchange transfer, market impact is typically neutral, source: Etherscan labels; Nansen exchange flow analytics. Monitor ETH order books, funding, and basis to detect any demand shift after verification, source: Binance market data; Deribit futures and options metrics.

According to @OnchainLens, two newly created wallets received 51,255 ETH valued at approximately $212.15M from FalconX and likely belong to Bitmine; the addresses are 0xB471b1F623F33248C3da6a5C9B9C80F5c8985FEB and 0x8f28bE380dfbdBE5273A7920cf9DFb719332722B (Source: @OnchainLens on X, Sep 30, 2025).

According to @lookonchain, six newly created wallets—described as possibly related to Bitmine—received 95,789 ETH (about $427M) from BitGo roughly 8 hours before the report, with addresses disclosed including 0x85f28f68808528D0F1F2dfDb4b0c25aa6dc79B65, 0x7aeb5fBc26C9a739F417e1eA06d502886AedBa03, and 0xbB1ab6EF6bfDC050922b1d8E633829C94f02615E (Source: Lookonchain, Aug 27, 2025). Lookonchain identified BitGo as the sender, detailed the total size and timing, and noted the wallets were newly created, but did not report any subsequent exchange deposits or selling activity at the time of posting (Source: Lookonchain). Traders can use the disclosed addresses to monitor for onward transfers to known exchange wallets and potential changes in ETH liquidity should movements occur; no intent by the holders was stated in the post (Source: Lookonchain).