Massive Ethereum Withdrawal of $125 Million Spotted From FalconX

A significant movement in the cryptocurrency market has captured attention, with a massive withdrawal of $125 million worth of Ethereum (ETH) from FalconX. This substantial transfer has sparked discussion among industry experts and crypto community members. 4 previously inactive wallets are believed to be linked to this large transaction. The on-chain analysis conducted by Onchain Lens suggests these wallets may belong to Bitmine, a prominent entity known for its significant involvement in crypto operations. This withdrawal serves as a noteworthy event within the broader cryptocurrency landscape.