Ethereum (ETH) Inflow: 7,889 ETH Worth $31.41M Deposited from CEX in 8 Hours

COINOTAG News Update indicates a significant on-chain move on October 21. According to AI Auntie monitoring, the new address 0x311…5FD1A accumulated 7,889 ETH from a CEX over the past eight hours, marking a substantial liquidity transfer in a short window.

The aggregate value is approximately $31.41 million, with an average withdrawal price of $3,982 per ETH. This high-value inflow may influence near-term market dynamics and highlights the role of on-chain analytics in assessing exchange-led movements within the Ethereum ecosystem.

Readers should monitor subsequent activity to determine whether the address remains active or rebalances. This report reinforces transparent data sourcing and the importance of timely updates for traders, investors, and risk managers tracking liquidity shifts in Ethereum.