Cumberland's transfer of 31,000 ETH to Coinbase Institutional reflects ongoing significant trading activity in the cryptocurrency market.
Cumberland transferred 31,000 ETH, valued at approximately $118 million, to a Coinbase Institutional account on July 21, according to Whale Alert. This follows a prior transfer of 44,000 ETH worth about $151.8 million, underscoring the active trading environment in the cryptocurrency market.