36,573 ETH worth $87.5 million moved from Coinbase Institutional to unknown wallet
- —36,573 ETH transferred from Coinbase Institutional
- —The transfer is worth about $87.5 million
- —The receiving wallet has not been identified
- —The transaction was reported by Whale Alert
Why it matters: A large withdrawal from an institutional venue could indicate a change in the holder's strategy and increase ETH volatility.
Source: Coinfomania