A total of 300,000 Ethereum (ETH) has been moved from two unknown wallets to Coinbase.
ETH trading volume has experienced a surge of 31.08% in the last 24 hours.
Ethereum (ETH), the second-largest cryptocurrency, experienced a massive downtrend over the past few weeks, along with the entire crypto market. Despite the recent substantial decline in the crypto market, two wallets have made significant transactions to the major crypto exchange, Coinbase. According to Whale Alert’s data, these transactions are valued at over 300,000 ETH, equivalent to approximately $488 million.
On September 5, Whale Alert, the crypto transaction analyzer, disclosed a transfer of 300,000 ETH, worth over $488 million, from two unknown wallet addresses to the cryptocurrency exchange Coinbase. Notably, these two wallet addresses are Coinbase cold wallets. Following the substantial transfer to the Coinbase cold wallets, the funds later distributed across multiple wallet addresses, totaling 4,282 ETH per trans
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