A prominent cryptocurrency whale has moved 4,148 Ethereum tokens worth approximately $10.08 million to the Coinbase exchange. The transaction was swiftly followed by a withdrawal of 9.1 million USDT from the platform, indicating a probable liquidation of the transferred ETH into the stablecoin.
The whale had previously accumulated 16,910.45 ETH over a five-week period between April 10 and May 14 at an average price of $2,261 per token. Historical data reveals the address maintains exceptionally high activity levels, with cumulative transaction volumes exceeding $382 million.
Despite this significant divestment, the whale retains a substantial Ethereum position totaling 11,854 ETH, signaling ongoing strategic portfolio management. Such high-volume movements underscore the importance of monitoring whale transactions for critical insights into market sentiment and potential liquidity shifts.