Grayscale transferred 1,628 ETH and nearly 265 BTC to Coinbase, worth $21.6 million.

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Grayscale transferred 1,628 ETH and 264,974 BTC to a Coinbase Prime address, according to Arkham Watchdog data.

The transaction was recorded approximately 10 hours before the news broke on March 7th, with an estimated total value of $3.29 million for ETH and $18.31 million for BTC, according to the accompanying data.

MAIN CONTENT
  • Grayscale transferred 1,628 ETH to Coinbase Prime.
  • Grayscale transferred 264,974 BTC to Coinbase Prime.
  • Arkham recorded the transaction approximately 10 hours before the reporting time.

Transaction details according to Arkham

Arkham data shows that Grayscale transferred 1,628 ETH ($3.29 million) and 264,974 BTC ($18.31 million) to a Coinbase Prime address.

The observation time mentioned was approximately 10 hours before the information was posted on March 7th. The original content only mentioned the transfer of assets and the recipient address as Coinbase Prime, without stating the purpose of the transaction or the subsequent use of this cryptocurrency.

The accompanying values ​​indicate that the BTC transfer order was larger than the ETH transfer order in USD: $18.31 million compared to $3.29 million. The estimated total value of these two transfers is $21.6 million, based on the figures provided in the monitoring data.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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