On July 7, on-chain tracker Onchain Lens reported that a whale transferred 1,133 BTC, worth about $71.48 million at the time of the move, from Coinbase to Coinbase Prime through an intermediary wallet address. The transfer indicates an internal movement path involving Coinbase-related addresses rather than a simple direct transfer between two endpoints. At the time of reporting, no additional details were provided regarding the identity behind the address or the purpose of the transaction. BlockBeats first flagged the movement as part of its whale-tracking coverage.
BlockBeats reported on July 7 that, according to on-chain monitoring data from Onchain Lens, a whale transferred 1,133 BTC from Coinbase to Coinbase Prime through an intermediary wallet address. Based on the market value at the time, the transaction was worth approximately $71.48 million.
The on-chain route suggests the funds were not sent directly from one endpoint to another. Instead, the BTC first moved through an intermediate address before arriving at Coinbase Prime. The monitored transaction therefore reflects a fund movement path involving Coinbase-related wallets.
As of the latest update, the monitoring note did not disclose the identity of the wallet owner or provide further information about the intent behind the transfer. The movement was highlighted by BlockBeats under its whale activity coverage.
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