Exchanges· ★★· neutral· October 16, 21:47

Coinbase Institutional moves 23,528 ETH to unknown wallet

—23,528 ETH moved from Coinbase Institutional
—Transfer valued at approximately $57.9 million
—Destination is an unknown wallet
—Move highlights institutional interest in Ethereum

Why it matters: Large exchange outflows can signal accumulation or a shift in institutional strategy, affecting ETH supply dynamics.

Source: Coinfomania

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