Coinbase Sees $61M ETH Deposit as New Wallet Stakes $55M: A Connection?

The post Coinbase Sees $61M ETH Deposit as New Wallet Stakes $55M: A Connection? appeared first on Coinpedia Fintech News

Amid high whale activities in the market, a whale recently claimed 30,007 ETH worth almost $78.67 million to deposit 24,007 ETH worth $61 million over Coinbase in the past three days. The whale is now left with a balance of 6,000 ETH worth $15.16 million. 

At the same time, a new whale address cashed out 21,912 ETH worth $55.32 million from Coinbase to stake it over Lido. The close timing and high volume activity fuel the speculation about a potential connection between the two wallets.