The transfers were split into 95,000 ETH, 87,000 ETH and 78,000 ETH, with Onchain Lens saying the receiving addresses were first funded by Fidelity six months earlier.
A wallet linked to Fidelity transferred 260,000 ETH valued at about $500 million into three separate wallets, in a move highlighted by Odaily citing Onchain Lens. The transaction was divided into 95,000 ETH, 87,000 ETH and 78,000 ETH. Onchain Lens said the three destination wallets had first been funded by Fidelity six months earlier, suggesting the transfers may reflect internal wallet management or custody-related repositioning rather than an outright market sale.