List of Flash News about Coinbase outflow
Time | Details |
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07:16 |
Cumberland Withdraws Over $42M in ETH from Coinbase: Onchain Data Signals Large-Scale Accumulation
According to The Data Nerd on Twitter, Cumberland executed two large Ethereum withdrawals from Coinbase within the last 24 hours, moving a total of 23,733 ETH (approximately $42.94 million) to an external address (intel.arkm.com/explorer/address). These significant outflows may indicate institutional accumulation or preparation for off-exchange activity, which traders often interpret as a potential bullish signal for ETH price movement. Monitoring Cumberland's wallet activity is recommended for short-term trading strategies. Source: The Data Nerd (@OnchainDataNerd, April 29, 2025). |