Data: Institution Transfers 52,739 ETH to CEX Over Past Two Days, Worth Approximately $129 Million

According to on-chain analyst Ember's monitoring, an institution has gradually transferred 52,739 ETH (approximately $129 million) to six CEXs including Binance and OKX from yesterday to today. The address currently still holds 101,561 ETH (approximately $249 million).

Its ETH originates from withdrawals from Coinbase at an average price of around $1,700 during 2021-2022, deposited into Ethereum staking in 2023, redeemed from staking in January last year, and consolidated into two wallets over the past two days before being gradually transferred to multiple CEXs.