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Over 2 Million EOL Transferred to FalconX in Early-Morning On-Chain Move
According to ChainCatcher News, data from Arkham shows that at 04:56, a significant on-chain transfer involving 2,004,731.85 EOL took place, with a total value of approximately $3.31 million at the time of the transaction.
The tokens were moved from an anonymous address into FalconX, a well-known institutional digital asset prime brokerage. Transfers of this size to institutional platforms often attract attention, as they may be linked to liquidity management, over-the-counter (OTC) activity, or broader portfolio rebalancing rather than immediate open-market trading.
While the identity behind the transaction remains undisclosed, the destination suggests potential involvement by professional or institutional participants. Large inflows to prime brokers like FalconX are typically associated with structured trading strategies or custody-related operations.
Market observers continue to monitor on-chain activity closely, as large token movements can sometimes precede shifts in liquidity or signal changes in market positioning, depending on follow-up activity and broader market conditions.#GateLiveMiningProgramPublicBeta #WLDSurges40% #FedKeepsRatesUnchanged