Cumberland received a distribution of 20,000 ETH from the Fidelity FETH Inflows address 10 hours ago
According to on-chain analyst @ai_9684xtpa, 10 hours ago, market maker Cumberland received 20,000 ETH (approximately $61.38 million) distributed from the Fidelity FETH ETF Inflows address. Subsequently, all were deposited into CEX. The deposit of tokens coincided with a short-term trough in the price of ETH. If this batch of ETH has been sold off, it may have contributed to last night's decline in Ethereum value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nansen announces that its pledged amount has exceeded 1 billion US dollars
LUIGI briefly broke through 0.01 USDT, with a 24-hour increase of 45.8%