Whale Moves 10,281 ETH to Coinbase After 15 Months of Inactivity

According to EmberCN, a whale or institutional address that had been inactive for 15 months transferred all its ETH (10,281 ETH worth $24.7M) to Coinbase 30 minutes ago, possibly preparing for a sell-off. The ETH was mainly withdrawn from FTX US, Gemini, Coinbase, and Kraken at an average price of $1,504 during 2022-2023. If sold, the whale could realize a profit of $9.23M.