Virtual Asset Investment Firm Paradigm Sells Large Amount of Ethereum... Worth $8.7 Million

Uk Jin

Summary

It was reported that "Paradigm seems to have sold 5,500 Ethereum worth $8.7 million."
It is speculated that the sold Ethereum might be deposited into centralized exchanges like Coinbase and Binance from Anchorage Digital.
It was revealed that Paradigm has transferred a total of 96,955 Ethereum to Anchorage Digital over the past year.

A large amount of Ethereum (ETH) has been sold.

On the 21st (local time), on-chain analyst AmberCN announced on X (formerly Twitter) that "the virtual asset (cryptocurrency) investment firm Paradigm seems to have sold 5,500 Ethereum."

Specifically, the amount was transferred to Anchorage Digital 3 hours ago. Based on Paradigm's previous selling patterns, it is speculated that the funds will be deposited into centralized exchanges (CEX) such as Coinbase and Binance.

Paradigm has transferred a total of 96,955 Ethereum to Anchorage Digital over the past year.

ETH

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

Virtual Asset Investment Firm Paradigm Sells Large Amount of Ethereum... Worth $8.7 Million

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