A large crypto holder moved 670 cbBTC worth $50.11 million to Coinbase after accumulating Bitcoin and Ether in early February, while still retaining about $556 million in BTC and ETH.
A whale that spent $500 million accumulating BTC and ETH in early February transferred 670 cbBTC worth $50.11 million to Coinbase, realizing a profit of about $1.1 million. The entity had bought 4,000 cbBTC at an average cost of $73,837. After the transfer, the whale still holds roughly $556 million in ETH and BTC, indicating that only part of the earlier accumulation has been moved.