A large ETH whale has withdrawn 50K ETH (~$95.4M) from Coinbase Prime over two days.
Macro & Markets ·
A whale executed two consecutive withdrawals from Coinbase Prime, moving 30K ETH worth roughly $57.66 million across three newly created wallets, followed by a second extraction of 20K ETH valued near $37.7 million the next day. The combined outflow totaled 50K ETH worth approximately $95.4 million over the two-day period.
The initial withdrawal was distributed to three addresses, while the subsequent transfer flowed through two separate addresses. These movements suggest the whale is consolidating holdings outside the exchange into isolated wallet addresses, a pattern often interpreted as preparation for long-term holding or secure self-custody rather than immediate trading activity.
The identities behind the withdrawal remain unconfirmed, as does the intended use of the accumulated ETH. On-chain tracking cannot determine whether the whale intends further accumulation, hodling, or eventual redeployment of the capital.