- 75,000 ETH worth over $123 million was transferred between major exchange-linked wallets on June 9.
- Kraken accounted for two large transactions totaling approximately 55,000 ETH.
- FalconX moved an additional 20,000 ETH in a separate transaction later in the day.
- Ethereum traded at $1,622.20 at the time of writing, down 3.87% over 24 hours and 13.58% over the past seven days.
Major Ethereum Wallets Transfer More Than $123 Million in ETH
A series of large Ethereum transactions involving major exchange-linked and institutional wallets were recorded on June 9, 2026, highlighting continued whale activity despite recent market weakness.
According to transaction data, the first major transfer occurred at 16:42:11 UTC when a Kraken hot wallet moved approximately 25,000 ETH valued at about $40.45 million.
Roughly 11 minutes later, at 16:53:35 UTC, another Kraken hot wallet transferred 30,000 ETH worth approximately $48.83 million.
Later in the day, at 19:49:47 UTC, FalconX’s hot wallet executed an additional transfer of 20,000 ETH valued at approximately $33.01 million.
Combined, the three transactions moved 75,000 ETH worth $123 million within a period of just over three hours. The transfers involved wallets associated with major cryptocurrency trading and institutional service providers, underscoring ongoing activity among large market participants.
Whale Activity Continues Amid Ethereum Market Weakness
The large transfers occurred during a period of continued volatility for Ethereum. At the time of writing, at 6:36 a.m. UTC, ETH was trading at $1,622.20.
The cryptocurrency had declined 3.87% during the previous 24 hours and was down 13.58% over the past seven days, reflecting sustained bearish pressure across the broader digital asset market.
Despite the recent price decline, on-chain activity remains active. Large transfers involving exchange-linked and institutional wallets are often closely monitored by traders and analysts because they can provide insight into liquidity movements and broader market participation.
In Previous weeks, Bitmine (BMNR) expanded its Ethereum holdings significantly, acquiring a combined 153,468 ETH across the two reporting periods. The company purchased 26,497 ETH during May 25–31, followed by an additional 126,971 ETH between June 1–7, reflecting an accelerated accumulation strategy.
June 9 Transactions Add to Ongoing Monitoring of Ethereum Flows
The June 9 transfers stand out due to their size and concentration within a short timeframe. The movement of 75,000 ETH between prominent cryptocurrency service providers occurred as investors continued assessing Ethereum’s ability to stabilize following its sharp weekly pullback.
With ETH remaining under pressure and market participants closely watching key support levels, large wallet movements continue to attract attention as indicators of ongoing activity among major holders and institutional market participants.
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