Suspected Institutional Entity Offloads 154,300 ETH to Exchanges

On-chain analyst EmberCN reported that a suspected institutional address is selling approximately 154,300 ETH, valued at roughly $378 million. Over the past 24 hours, 52,739 ETH worth $129 million was transferred to six centralized exchanges, including Binance and OKX. The remaining 101,561 ETH is still held in the address. These tokens were originally acquired from Coinbase between 2021 and 2022 at an average price of $1,700, staked in 2023, and redeemed in January 2025.