CoinShares-Linked Wallet Moves 63,000 ETH Worth $111 Million to Coinbase

A wallet believed to be linked to European alternative asset manager CoinShares transferred 63,000 ETH, valued at approximately $111.56 million, to Coinbase in two transactions, according to blockchain data.

The transfer comes as Ethereum faces short-term market pressure, with ETH trading at $1,735 after falling 2.3% over the past 24 hours.

Source: Lookonchain