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An institution transferred 52,739 ETH to centralized exchanges (CEX) over the past two days, valued at approximately $129 million.

1 hours ago

According to Yu Jing Monitoring, an institutional address has transferred 52,739 ETH (valued at ~$129 million) to six centralized exchanges (CEXs) including Binance and OKX since yesterday. The address currently holds 101,561 ETH, worth approximately $249 million. The ETH was withdrawn from Coinbase between 2021 and 2022 at an average price of ~$1,700, deposited into Ethereum staking in 2023, redeemed from staking last January, aggregated into two wallets over the past two days, and then sequentially transferred to multiple CEXs.

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