Grayscale Transfers 6,511 ETH Worth About $15.08 Million to Coinbase Prime

According to Arkham, a newer on-chain transfer shows Grayscale moved 6,157 ETH worth about $13.74 million to a Coinbase Prime address around two hours before the report.

ETH

Summary

Arkham data indicates Grayscale made another Ethereum transfer to Coinbase Prime, this time moving 6,157 ETH valued at about $13.74 million around two hours before the report. This follows the previously noted transfer of 6,511 ETH worth about $15.08 million to a Coinbase Prime address. The source material identifies both movements through on-chain tracking and provides the estimated token amounts and U.S. dollar values.

Terms & Concepts
  • Ethereum: A blockchain network that supports smart contracts and uses ETH as its native token for transactions and network activity.
  • Coinbase Prime: An institutional crypto platform offering trading, custody, and related services for firms and large investors.
  • Blockchain analytics: The analysis of public blockchain data to trace wallet activity, token transfers, and transaction patterns.