Onchain Lens said a whale wallet that had been inactive for 11 months moved 9,000 ETH to Cumberland in a transfer valued at about $17.19 million. The transaction was flagged as a possible over-the-counter sale. The same wallet had previously deposited about 50,000 ETH to FalconX across 13 transactions, with those holdings valued at roughly $205.7 million. The move puts fresh attention on large ETH transfers involving trading firms and institutional liquidity venues, though the monitoring update only identified the transfers and the suspected OTC purpose.
According to Onchain Lens, a whale wallet that had been dormant for 11 months transferred 9,000 ETH to Cumberland, worth about $17.19 million. The transfer was flagged as a suspected over-the-counter sale.
Earlier, the same wallet had deposited about 50,000 ETH to FalconX through 13 transactions, valued at about $205.7 million.
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