COINOTAG reported on September 4 that Arkham monitoring observed, 43 minutes earlier, a transfer in which liquidity provider Cumberland withdrew 22,086 ETH — roughly $96.99 million — from a Coinbase Prime hot wallet.
On-chain surveillance platforms like Arkham capture custody flows and provide transparent audit trails; such sizable movements are pertinent to institutional custody reporting and exchange hot-wallet balance assessments rather than being inherently indicative of immediate market action.
Cumberland is recognized as a global liquidity provider, and withdrawals from a Coinbase Prime hot wallet are consistent with operational custody or settlement procedures. The transfer was recorded on-chain and reported by COINOTAG, reflecting verifiable blockchain activity.