Bitmine-Linked Wallets Accumulate Over $213M in Ethereum

Ethereum continues to catch the attention of large investors. In the last 10 hours, two newly created wallets—believed to be associated with Bitmine—have received a staggering 51,255 ETH, valued at around $213 million, from FalconX, a popular crypto liquidity provider.

This massive transfer highlights a growing trend of Ethereum whale accumulation, raising questions and excitement across the crypto community.

Who Is Behind These Wallets?

Although not officially confirmed, the two wallets are widely suspected to belong to Bitmine, a major player in the crypto space. Blockchain analysts noticed the transfer originated from FalconX, which often facilitates large institutional transactions.

Such movements typically hint at strategic investment moves. Whether this is part of a broader Ethereum accumulation plan by Bitmine or a signal of upcoming institutional interest, the community is watching closely.

Ethereum Continues to Attract Whales

This is not an isolated event. Ethereum has seen a steady rise in large wallet activities over recent weeks. As ETH maintains strong support above $4,000, many believe whales are positioning themselves ahead of possible bullish momentum going into Q4 2025.

Large‑scale acquisitions like these often signal confidence in the asset’s long‑term value. When whales accumulate, it can indicate anticipation of major developments or price movement—potentially tied to Ethereum’s evolving role in DeFi, ETFs, or Layer‑2 growth.