Whale Deposits $33.85 M in ETH into Coinbase
Crypto News Terminal25 Apr, 2024
Whale Deposits $33.85 M in ETH into Coinbase
On-chain analyst AI(@ai_9684xtpa) informed via X that "5 minutes ago, an ETH whale/institution deposited 19,110 ETH (33.85 million USD) to Coinbase. This substantial transaction indicates continued interest and accumulation by whales, suggesting confidence in the long-term prospects of the cryptocurrency market. The movement of large amounts of ETH to exchanges can also signal potential trading activity or preparation for future price movements. Previously on 25 April 2024, an ETH whale deposited 19,110 ETH to Coinbase