Paradigm Capital Sends $20.31 Million Worth of ETH to Anchorage Digital

IconCryptoNewsTerminal Staff26 Jul, 2024

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Paradigm Capital Sends $20.31 Million Worth of ETH to Anchorage Digital

Paradigm Capital, a prominent venture capital firm, has transferred a substantial amount of ETH to Anchorage Digital, a leading digital asset custodian. According to data provided by Arkham Intelligence, an estimated address linked to Paradigm Capital dispatched 6,221 ETH (valued at approximately $20.31 million) to Anchorage Digital around 5 hours ago. This transaction signifies Paradigm Capital's continued involvement in the cryptocurrency industry. The firm has a history of investing in promising blockchain projects and digital assets. The transfer of ETH to Anchorage Digital suggests that Paradigm Capital remains bullish on the long-term prospects of Ethereum and the broader cryptocurrency market.

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