An on-chain analyst reported that a newly created address moved 8,686 ETH from Coinbase at around $2,811 per ETH in a recent eight-hour window.
On Nov. 24, on-chain analyst Ai 姨 observed that a new Ethereum address withdrew 8,686 ETH, valued at approximately $24.41 million, from Coinbase within an eight-hour period. The average withdrawal price was $2,811 per ETH. The motive for the transfer remains undisclosed.