Anonymous Whale Transfers a Whopping $110 Million in Ethereum to Coinbase Prime

IconCryptoNewsTerminal Staff24 May, 2024

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Anonymous Whale Transfers a Whopping $110 Million in Ethereum to Coinbase Prime

On [Date], the blockchain tracker Whale Alert detected a staggering transfer of 30,254 ETH from an anonymous wallet to a Coinbase Prime address. This substantial amount is estimated to be worth approximately $110 million, making it one of the most significant crypto transactions in recent history. The reasons behind this massive transfer remain unknown, and the identity of the anonymous sender has not been disclosed. Coinbase Prime is a custodial service designed for institutional investors, providing enhanced security and compliance features for managing large crypto holdings.