According to BlockBeats, two new wallets accumulated a total of 18,914.13 ETH (worth approximately $35.2 million) at an average price of $1,861 over the past 10 hours. The media explained, "Transactions related to FalconX appear similar to the actions of Bitmain, an ETH DAT company. However, Bitmain has not previously purchased assets through Coinbase. This is presumed to be another institutional transaction."