A whale/institutional address transferred 10,281 ETH to Coinbase 30 minutes ago, apparently preparing to liquidate

Odaily News According to on-chain analyst Ember, a whale/institutional address that had not been operated for 15 months transferred all ETH in the address (10,281 ETH, worth $24.7M) to Coinbase 30 minutes ago, suspected of preparing to liquidate. His ETH was mainly withdrawn from FTX US, Gemini, Coinbase, Kraken and other exchanges at a price of $1,504 in 2022-2023. If sold, it is expected to realize a profit of $9.23M.