Altcoin that Whales Accumulated Immediately After the Drop Is a Surprise

Following the recent drop in the cryptocurrency market, four major whale investors have staked a total of 48 million Falcon Finance (FF) tokens (approximately $6.47 million).

According to onchain data:

• Address 0xDda6 has staked 15 million FF ($2.3 million) from Bitget in the last 5 hours.
• 0x484F withdrew and staked 15 million FF ($1.84 million) from MEXC two days ago.
• 0xBbB9 staked 10 million FF ($1.15 million) from Gate two days ago.
• 0xf68C has withdrawn and staked 8 million FF ($1.18 million) from KuCoin in the last 7 hours.

However, the on-chain activity wasn't limited to the FF token. A new wallet, likely belonging to Bitmine, purchased 26,199 $ETH (approximately $108 million) through FalconX.

Institutional mobility also attracted attention:

• Grayscale deposited 1,856 $BTC ($205.8 million), 29,718 $ETH ($151.2 million), and 10,516 SOL ($2 million) into Coinbase Prime.
• BlackRock transferred 93,158 $ETH ($364 million) and 704 $BTC ($77.67 million) to the same platform.
• Wallets linked to Matrixport have withdrawn 4,000 $BTC (approximately $454 million) from Binance in the last 20 hours.

*This is not investment advice.