Coinbase Receives $1.8 Million in HIGH from Highstreet Treasury-Linked Address
CryptoNewsTerminal Staff08 Jun, 2024
Coinbase Receives $1.8 Million in HIGH from Highstreet Treasury-Linked Address
According to TheDataNerd, a substantial "whale" received 28.125k $HIGH (approximately $1.8 million) into their Coinbase account five hours ago. This particular wallet has a history of receiving funds from the Highstreet treasury, indicating a potential connection between the two entities. Coinbase, one of the largest cryptocurrency exchanges in the world, has become a popular destination for investors looking to trade and store digital assets. Highstreet, on the other hand, is a metaverse platform that enables users to create and explore virtual worlds. The platform recently launched its native token, $HIGH, which has seen significant trading volume and interest. The transfer of funds from a Highstreet-linked address to Coinbase suggests that the platform may be using the exchange to facilitate trading or liquidity for its token. It also highlights the growing adoption of cryptocurrencies and metaverse-related projects.
