New whale withdraws $125.73M in ETH from FalconX

A newly identified whale address has withdrawn 33,644 ETH ($125.73 million) from FalconX, according to Onchain Lens on X. The address now holds 105,977 ETH, valued at approximately $396 million. Deposits to exchanges are generally seen as an indication of intent to sell, while withdrawals often signal a holding strategy. However, not all deposits to exchanges necessarily result in sales.