In a recent transaction observed by Onchain Lens, a significant whale address executed a transfer of 7,488 ETH, valued at approximately $11.92 million, to FalconX. This transfer is noteworthy as the address had remained inactive for approximately 1.8 years. Currently, the same wallet holds about 10,322 ETH, translating to a value of around $16.48 million based on today’s market conditions. Such substantial movements of Ethereum can potentially influence market sentiment and raise eyebrows within the crypto community, especially coming from long-dormant wallets. Investors and analysts will be keenly observing if this activity signifies a broader trend or shift in the strategy of large holders in the crypto space. Source: https://en.coinotag.com/breakingnews/whale-address-moves-7488-eth-to-falconx-after-1-8-years-ethereum-transfer-worth-11-92-million/