Blockchain analytics firm Lookonchain reported on August 12 that 10 newly created wallets have accumulated a total of 312,052 ETH, worth approximately $1.34 billion—over the past eight days.
According to the firm, the purchases were facilitated through three major institutional crypto service providers: FalconX, Galaxy Digital, and BitGo.
Massive ETH Buys Signal Institutional Strategy
The accumulation rate averaged 39,006 ETH per day, with each wallet holding an average of 31,205 ETH.
This activity strongly suggests institutional-scale transactions rather than retail purchases, as the funds were sent via over-the-counter (OTC) desks instead of public exchanges, minimizing market impact.
The creation of multiple new ethereum wallets indicates a strategic asset management approach, enabling enhanced security, compliance readiness, and privacy protection.
All three counterparties, FalconX, Galaxy Digital, and BitGo, are well-established prime brokers known for strict compliance standards and high-quality institutional services.
What a crazy accumulation!
This mysterious entity created 10 new wallets in the past 8 days and accumulated 312,052 $ETH($1.34B) from #FalconX, #GalaxyDigital, and #BitGo.https://t.co/1Hk0pVMW6s pic.twitter.com/NTUIpS1QLr
— Lookonchain (@lookonchain) August 12, 2025
Bullish Signal for Ethereum
The large-scale accumulation reflects strong institutional confidence in Ethereum’s medium- to long-term value and could be interpreted as a bullish market signal.
If the ETH remains unmoved, it may suggest a long-term holding strategy, positioning Ethereum as a key asset in a diversified crypto portfolio. Conversely, if transferred to exchanges, the funds could trigger significant selling pressure.
The accumulated amount equals about 0.26% of Ethereum’s total supply—a position large enough to influence market liquidity if mobilized.
Thanks to blockchain transparency, such institutional movements can be tracked in real-time, offering rare insights into the growing sophistication of strategies within the maturing cryptocurrency market.
 
 
 
 
 
 
