Arkham Monitoring: Liquidity Provider Cumberland Withdraws 22,086 ETH ($96.99M) From Coinbase Prime Hot Wallet — Sept. 4
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
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.