Grayscale Deposits 8,697 ETH to Coinbase Prime in 2 Hours, Worth ~$13.77M

News Editor

2026-06-26 21:01:20

On-chain monitoring by Arkham reveals Grayscale transferred 8,697 ETH (approx. $13.77 million) to Coinbase Prime within the past two hours. The move has drawn attention due to Grayscale's institutional holdings and potential impact on ETH price.

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Grayscale's Large ETH Transfer Details

According to on-chain data from Arkham Intelligence, Grayscale deposited a total of 8,697 Ethereum (ETH) to Coinbase Prime addresses in the last two hours, valued at roughly $13.77 million at current prices. The transfers occurred late on June 26, 2026 (UTC), with multiple transactions executed in batches.

Coinbase Prime is Grayscale's primary platform for custody and trade execution, and similar large inflows have been observed in previous instances. Market participants often interpret such exchange deposits as potential sell pressure, though they could also reflect internal wallet reorganization or institutional client redemptions. Grayscale has not yet commented on the transfer as of publication time.

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

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