The transfer included 2.045 million PENDLE, 5.377 million SYRUP and 813,000 ETHFI, a move that on-chain analyst EmberCN said may indicate a full exit.
Crypto investment firm Spartan Group transferred three portfolio tokens worth a combined $3.92 million to Coinbase Prime, in a move that on-chain analyst EmberCN said appears to signal a likely full liquidation. The transfer involved 2.045 million PENDLE valued at $2.74 million, 5.377 million SYRUP worth $860,000 and 813,000 ETHFI worth $320,000. Large deposits to Coinbase Prime, a brokerage and custody platform used by institutions, are often watched by traders because they can precede sales or broader position reshuffling.