Whale Moves $95.7M in Ethereum From Fidelity-Linked Wallet to Coinbase

BitcoinWorld Whale Moves $95.7M in Ethereum From Fidelity-Linked Wallet to Coinbase An anonymous whale appears to have acquired 50,000 ETH — worth roughly $95.73 million — from a wallet linked to Fidelity, according to blockchain tracking firm Onchain Lens.

The funds were then split, with 36,530 ETH moved to a fresh wallet address about three hours after the initial purchase. Based on the wallet’s transaction history, Onchain Lens suggests the ETH is likely to be deposited to Coinbase in the near future, possibly for sale.

On-Chain Data Reveals Whale Accumulation and Transfer Pattern The transfer was first flagged by Onchain Lens, which monitors large cryptocurrency movements.

The wallet believed to be associated with Fidelity received the 50,000 ETH in a single transaction, then immediately began redistributing the funds.