Odaily reported that, according to monitoring by Onchain Lens, an address identified as an OTC whale, 0xFB7, deposited 29,000 ETH into FalconX. Based on the monitored valuation, the ETH transferred was worth $53.1 million. The same transaction was associated with a profit of $6.41 million, indicating that the large holder recorded a clearly measured gain on this move.
The activity represents a large on-chain fund transfer involving ETH. FalconX was the recipient of the deposited assets, while Onchain Lens labeled the sending address as an OTC whale. The source did not state whether the address carried out any other transfers at the same time, so the confirmed details are limited to the 29,000 ETH deposit, its $53.1 million value, and the $6.41 million profit recorded for the transaction.
After the transfer, the whale address still holds 128,000 wsETH. Under the conversion figures cited by Onchain Lens, that balance is equivalent to 158,248 ETH and is valued at approximately $283.42 million. In other words, even after sending 29,000 ETH to FalconX, the address continues to hold a large amount of Ethereum-related assets.