Massive ETH Purchase: Whale Acquires $8 Million Worth of Ethereum Through FalconX

A significant Ethereum purchase has been detected, with a large crypto whale acquiring 2,700 ETH from the FalconX exchange for $8 million in USDC. This transaction, confirmed through on-chain tracking, suggests an investment strategy focused on long-term Ethereum holdings. The whale’s portfolio now includes Ethereum (ETH), WEETH, and LSETH tokens, indicating a diversified approach to staked positions. 2025 is not the only instance of this; FalconX has facilitated large-scale ETH purchases in the past, often before significant market shifts.