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Cumberland Executes Multi-Asset Crypto Withdrawals Worth Over $90 Million

The Data Nerd reports Cumberland’s recent withdrawal of $86 million in digital assets, including significant transfers of ETH, AVAX, PEPE, SHIB, LINK, and UNI over the past week.

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Summary

Cumberland has withdrawn over $86 million in various digital assets in the past week, according to The Data Nerd. The withdrawals include 17,243 ETH ($71.37M), 224,000 AVAX ($5.25M), 892 billion PEPE ($7.17M), 203.5 billion SHIB ($2.17M), 102,000 LINK ($0.88M), and 220,000 UNI ($1.48M). The most recent withdrawal was another 203.55 billion SHIB worth approximately $2.17 million.

Terms & Concepts
  • SHIB (Shiba Inu): A meme-based cryptocurrency token operating on the Ethereum blockchain, often traded in large volumes due to its low unit price.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used to power decentralized applications and smart contracts.
  • AVAX (Avalanche): The native token of the Avalanche blockchain, used for transactions, staking, and governance on the network.