A significant institutional entity, identified as Arthapala, has executed major Ethereum transfers totaling approximately $113 million.
The entity moved 38,100 ETH, valued at roughly $113 million based on current prices, to several prominent cryptocurrency platforms specializing in staking and validation services.
An additional transfer saw Arthapala send 6,789 ETH to the Binance cryptocurrency exchange.
Combined, these recent transfers sum to 44,889 ETH shifting from Arthapala’s holdings to exchange and staking infrastructure providers.