Institution Suspected of Selling 154,300 ETH Worth Approximately $378 Million

August 31 news, according to Ember monitoring, an institution is suspected of selling approximately 154,300 ETH (about $378 million). Over the past day or so, 52,739 ETH (about $129 million) has been transferred to 6 CEXs including Binance and OKX, with 101,561 ETH (about $249 million) still held in the wallet. These ETH were withdrawn from Coinbase at around $1,700 between 2021-2022, staked in 2023, redeemed in January 2025, and recently consolidated before being transferred to CEXs.