Two Wallets Withdraw 20,000 ETH from Coinbase Prime and Stake on EtherFi

Two potentially linked wallets shifted 20,000 ETH, worth about $86 million, from Coinbase Prime to EtherFi, highlighting sustained large-scale staking behavior in the Ethereum ecosystem.

ETH

Summary

On September 9, two wallets, possibly controlled by the same entity, withdrew 20,000 ETH valued at roughly $86 million from Coinbase Prime and staked the entire amount on EtherFi. This transaction underscores continued institutional or large-scale interest in Ethereum staking.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and staking.
  • Coinbase Prime: An institutional-grade platform by Coinbase providing trading, custody, and prime brokerage services for digital assets.
  • EtherFi: A staking platform that enables Ethereum holders to stake their assets and earn rewards while maintaining control of their funds.