On January 23, 2026, an anonymous whale wallet (0xfb7…) purchased 20,013 ETH directly from FalconX via an OTC deal. The transfer was spotted and confirmed by on-chain monitoring tools, including OnchainLens and Lookonchain.
After this buy the wallet now holds 80,115 ETH.
At the time of writing (mid-January 2026), the position is worth approximately $236.55 million.
The whale has been steadily adding ETH for several months. Notable earlier buys include:
The average acquisition price across the entire 80,115 ETH stack is not publicly visible, but recent entries have come during periods of visible market weakness / sideways consolidation.
This accumulation pattern has become a recurring theme in early 2026:
The behavior aligns with classic “smart money” accumulation logic: buy quietly during uncertainty, hold through volatility, and potentially distribute later when broader conviction returns.
ETH has been trading in a wide range, roughly $3,900–$4,600 for several weeks. The latest whale buy occurred near the lower end of that band. Many analysts interpret this as a sign that large players still view current levels as attractive long-term entry zones.
