Grayscale Deposits 8,697 ETH to Coinbase Prime, Worth $13.77 Million

News Editor

2026-06-26 16:01:30

According to Arkham monitoring, Grayscale deposited 8,697 ETH (approximately $13.77 million) to Coinbase Prime in the past two hours. This large whale movement may signal portfolio rebalancing or liquidity preparation by the institutional giant.

Grayscale Moves 8,697 ETH to Exchange

Arkham on-chain data shows that Grayscale deposited a total of 8,697 ETH (worth roughly $13.77 million) to Coinbase Prime within a two-hour window. The transaction is flagged as a whale movement, drawing attention from crypto analysts.

As the world's largest digital asset manager, Grayscale's wallet activity often serves as a barometer for institutional sentiment. The large inflow to a centralized exchange prime brokerage could indicate an impending position adjustment or a preparatory step for potential liquidation. Traders should monitor for additional unlocks or selling pressure in the coming days.

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

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