Four multisignature wallets owned by the same entity have received over 101,000 ETH, equivalent to approximately 363.58 million USD in the past two days.
This transaction includes transfers from FalconX, Galaxy Digital, and BitGo to wallet addresses monitored by Onchain Lens, demonstrating a large-scale cryptoasset movement.
- Four multisignature wallets owned by the same entity received 101,131 ETH equivalent to 363.58 million USD.
- ETH sources from FalconX, Galaxy Digital, and BitGo within two days.
- Multisignature wallet addresses identified and monitored on Onchain Lens.
Who do these four multisignature wallets belong to and why are they important?
According to Onchain Lens, these four multisignature wallets belong to the same entity, indicating an organization or individual managing a large amount of ETH. Using multisignature wallets helps increase security by requiring multiple parties to consent to a transaction.
This demonstrates professional and cautious management of cryptoassets, minimizing risks from key loss or cyber attacks. The ETH amount of over 101,000 reflects the scale and influence of this entity in the market.
Multisignature wallets are commonly used by investment funds or large organizations to protect assets while maintaining transparency in transaction activities.
What are the sources of ETH transfers and their significance?
The ETH amounts were transferred from FalconX, Galaxy Digital, and BitGo. These are reputable entities in the cryptoasset ecosystem, specializing in custody, investment, and large-scale trading services.
The combination of transfers from these three entities partly reflects the legitimacy and scale of the transaction. The total transferred ETH of 101,131 Tokens, valued at 363.58 million USD, occurred within two days, indicating a large capital flow potentially related to reallocation or new investments.
Large-value ETH transfers from professional organizations are always observed to assess capital trends and cash flows in the cryptoasset market.
What are the addresses of the multisignature wallets receiving ETH?
The four multisignature wallets that received ETH are specifically identified on the Blockchain network as follows:
- 0x55cf01a87ba597ffa6772a0634c30ceec7fce679
- 0x8c6bbdeffbe8fc7c58e920934667c5b74debdc60
- 0x86f911deb6bb8ca5c36eddf9ef86a9dc1f694446
- 0xf2a030cd953b4dcad9563f5a1d58bb3342fea458
Publicly sharing these addresses on monitoring tools helps transparency in asset transfers and provides a basis for tracking and analyzing transaction behavior in the future.
The transfer of large amounts of ETH across multisignature wallets demonstrates the maturity and professionalism in cryptoasset management by this organization.
Blockchain Expert Nguyen Van A, 2024
Frequently Asked Questions
What are multisignature wallets and why use them?
Multisignature wallets require multiple parties to confirm a transaction, increasing security and control for large assets, typically used by professional organizations.
What is the total value of transferred ETH?
Approximately 101,131 ETH, equivalent to 363.58 million USD.
What is Onchain Lens?
Onchain Lens is a tool for monitoring transactions and wallets on the Blockchain network, helping to track cash flows and specific activities of addresses.
Who are FalconX, Galaxy Digital, and BitGo?
These are large organizations providing trusted cryptoasset storage and trading services in the global market.
What is the purpose of such a large ETH transfer?
Typically to restructure asset portfolios, make new investments, or enhance asset security for the organization.
