GNGN-linked address deposits 6,100 ETH worth $16.38M to Coinbase
- —6,100 ETH worth $16.38 million deposited to Coinbase
- —Funds bridged from Robinhood network to Ethereum six days ago
- —Onchain analyst Ai Yi says it may be Robinhood network fee revenue
Why it matters: The large transfer may signal conversion of Robinhood fee revenue and add to ETH selling pressure.
Source: PANews