Institutional-level ETH transfer: Coinbase transfers over 20,000 ETH to new wallets

2026-01-09 15:40:09

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【Crypto World】On-chain data monitoring platform has discovered that Coinbase’s institutional services department recently transferred 21,159 ETH to a new address. Based on the current market price, this transfer amounts to approximately $64.9 million.

This transaction immediately drew market attention. As the institutional department of a leading exchange, the wallet movements often reflect large-scale capital flow trends. The target address for the transfer is a brand new wallet, which may involve new customer onboarding, capital reallocation, or other institutional-level operations.

As the second-largest public blockchain, Ethereum’s large-scale transfer events have always been closely watched by market participants. Such whale-level on-chain activities often serve as important short-term market sentiment indicators.

ETH1,98%

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