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

News Editor

2026-06-26 19:31:26

According to Arkham monitoring, Grayscale deposited 8,697 ETH (approximately $13.77 million) to Coinbase Prime within the last two hours. This large transfer may indicate potential selling pressure or routine rebalancing.

GrayscaleETHCoinbase PrimeEthereumWhaleLarge TransferOn-chain Monitoring

Grayscale Moves 8,697 ETH to Coinbase Prime

On-chain monitoring platform Arkham reported that Grayscale transferred a total of 8,697 ETH to Coinbase Prime over the past two hours, valued at roughly $13.77 million at current prices. The transactions originated from addresses associated with Grayscale's Ethereum Trust (ETHE) and other products.

Such movements from Grayscale to exchange-linked addresses are often interpreted as signals of potential liquidation, though the firm may also be conducting routine custodial rebalancing. Coinbase Prime is a common venue for institutional-grade OTC and exchange services used by large holders.

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

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