Grayscale Deposits 8,697 ETH (≈$13.77M) into Coinbase Prime in Last 2 Hours

News Editor

2026-06-26 20:31:49

On-chain monitoring data from Arkham reveals that Grayscale deposited a total of 8,697 ETH, worth approximately $13.77 million, into Coinbase Prime over the past two hours. The large transfer has drawn attention to Grayscale's portfolio management and potential implications for ETH market liquidity.

GrayscaleETHCoinbase PrimeWhale MovementArkhamEthereumOn-Chain

Grayscale Transfers 8,697 ETH to Coinbase Prime

According to on-chain data tracked by Arkham, Grayscale has transferred a total of 8,697 ETH, valued at roughly $13.77 million, to Coinbase Prime within the last two hours. Coinbase Prime serves as an institutional-grade platform frequently used by large holders for custody and trading. This move adds to a series of recent ETH movements by Grayscale, which market participants often interpret as a signal of potential rebalancing or preparation for redemptions. The size of the deposit could influence short-term ETH market dynamics if the assets are eventually sold or moved further.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

800

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.