Just spotted something interesting on-chain: FalconX moved a massive 20,614 ETH to an unidentified wallet address. We're talking about roughly $68.5 million worth of Ethereum here.

For context, FalconX is a known institutional trading desk, so when they shuffle around this kind of volume, it usually catches attention. The destination wallet remains unknown at this point, which naturally raises questions about whether this could be an OTC deal, internal repositioning, or something else entirely.

Large transfers like this often precede significant market movements, though correlation doesn't always mean causation. Still, worth keeping on your radar if you're tracking whale activity or institutional flows in the ETH ecosystem.